Which of the following is NOT one of the four phases of a normal business cycle as discussed in the text?
A) expansion
B) trough
C) peak
D) depression

Question

Quizplus · Accepted Answer

The four phases of a normal business cycle are expansion, trough, peak, and recovery. Depression is not considered a standard phase of the business cycle; it refers to a prolonged period of economic downturn.

Which of the Following Is NOT One of the Four