Refer to the above diagram.The phases of the business cycle from points A to D are, respectively:
A)peak, recession, expansion, trough.
B)trough, expansion, expansion, peak.
C)expansion, recession, trough, peak.
D)peak, recession, trough, expansion.

Question

Refer to the above diagram.The phases of the business cycle from points A to D are, respectively:
A)peak, recession, expansion, trough. 
B)trough, expansion, expansion, peak. 
C)expansion, recession, trough, peak. 
D)peak, recession, trough, expansion.

Quizplus · Accepted Answer

The diagram shows a typical business cycle, and the phases from points A to D are peak, recession, trough, and expansion, respectively. Therefore, the correct answer is D - peak, recession, trough, expansion.

Refer to the Above Diagram