Economic activity moves from a period of expansion to a ________ and then moves into a period of ________ until it reaches a ________.
A)peak; expansion; trough
B)peak; recession; trough
C)trough; expansion; peak
D)trough; recession; peak

Question

Quizplus · Accepted Answer

The sequence of activity in the business cycle is from expansion to peak, falling into recession and finally reaching a trough.

Economic Activity Moves from a Period of Expansion to a ________