Which of the following is not a phase or turning point of the business cycle?
A) recession
B) expansion
C) shutdown
D) trough

Name: Which of the following is not a phase or turning point of the business cycle? A) recession B) expansion C) shutdown D) trough
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Question

Quizplus · Accepted Answer

Shutdown is not considered a phase or turning point of the business cycle. The business cycle typically includes phases such as expansion, peak, recession, and trough, but "shutdown" is not a standard term used to describe its phases.

Which of the Following Is Not a Phase or Turning