The four parts of the business cycle occur in the following order:

Name: The four parts of the business cycle occur in the following order:
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The correct order of the business cycle phases is recession, trough, expansion, and peak. A recession is a period of economic decline, which eventually hits a trough, the lowest point. From the trough, the economy expands until it reaches a peak, the highest point of economic activity before the cycle potentially moves into another recession.

The Four Parts of the Business Cycle Occur in the Following