Which of the following is NOT a business cycle stage?

Question

Quizplus · Accepted Answer

Inflation is not considered a stage of the business cycle. The business cycle consists of stages such as recovery, recession, and depression, which describe the fluctuations in economic activity over time. Inflation, on the other hand, refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. It is a phenomenon that can occur during various stages of the business cycle, rather than being a stage itself.

Which of the Following Is NOT a Business Cycle Stage