What economic phase is described by consumers having more money to spend, allowing them to dine in better restaurants and try new products?

The economic phase in which consumers have more money to spend, enabling them to dine in better restaurants and experiment with new products, is characterized by a boom. During a boom, the economy experiences significant growth, which typically leads to increased disposable income for consumers. This increase in financial resources allows individuals to indulge in higher-quality dining experiences and explore a wider variety of products, reflecting a stronger economy where consumer confidence is high and spending is robust.

In contrast, the other economic phases involve different consumer behaviors and financial situations. For example, during a recession, consumers often tighten their budgets and prioritize essential purchases over luxury dining or new products. Similarly, in a recovery phase, while there may be some improvement in the economy and consumer spending, it might not yet reach the level of indulgence seen in a boom period. A depression represents a prolonged economic downturn marked by significant decline in economic activity, leading to substantial decreases in consumer spending and disposable income.