Economic activity moves from a period of recession 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

Starting from a period of recession, the economy will move into a trough, then into an expansion until a peak is reached, and eventually falls back into another recession.

Economic Activity Moves from a Period of Recession to a ________