31.   Capacity constraints as an economy expands can be a main cause of inflation.

32.   Canadian and U.S. bonds were lifted by a U.S. economic report showing the economy is expanding with little inflation.

33.   By Philippine standards, the economy is still expanding at a fair clip.

34.   Central banks usually raise interest rates if the economy is expanding at a fast enough pace to fuel inflation.

35.   Canadian government bonds fell, even after a report showing tame producer prices last month left intact the view that the Canadian economy is expanding at a non-inflationary pace.

36.   Cyclical stocks include those of resources companies, which benefit most when the economy expands.

37.   Cyclical stocks include those of resource companies, which benefit most when the economy expands.

38.   Despite an encouraging report showing a decline in wholesale inflation, analysts expect rates to push higher as the economy expands.

39.   Cyclical shares tend to perform well when the economy is expanding.

40.   Cyclical stocks include paper and forest and oil and gas issues, whose earnings and stock prices tend to increase when the economy expands with low inflation.