Unemployment tends to be highest during the _____ stage of the business cycle, while there is a greater risk of high demand leading to inflation during the _____ stage of the business cycle.
A) recession; expansion
B) trough; peak
C) peak; trough
D) recession; peak

Question

Quizplus · Accepted Answer

Unemployment tends to be highest during the trough stage of the business cycle, while there is a greater risk of high demand leading to inflation during the peak stage of the business cycle.

Unemployment Tends to Be Highest During the _____ Stage of the Business