The business cycle has two phases,
A)expansion and trough.
B)expansion and peak.
C)peak and trough.
D)recession and trough.
E)recession and expansion.

Name: The business cycle has two phases, A)expansion and trough. B)expansion and peak. C)peak and trough. D)recession and trough. E)recession and expansion.
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Question

Quizplus · Accepted Answer

The business cycle consists of two main phases: expansion, where the economy grows, and recession, where the economy contracts.

The Business Cycle Has Two Phases