In the business cycle, what immediately precedes the time when real GDP is falling?
A)recession
B)peak
C)depression
D)expansion
E)trough

Name: In the business cycle, what immediately precedes the time when real GDP is falling? A)recession B)peak C)depression D)expansion E)trough
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Question

Quizplus · Accepted Answer

A peak in the business cycle is the point at which the economy transitions from the end of an expansion to the beginning of a contraction, leading to a fall in real GDP.

In the Business Cycle, What Immediately Precedes the Time When