The four parts of the business cycle occur in the following order
A) recession, trough, peak, expansion.
B) expansion, trough, peak, recession.
C) recession, trough, expansion, peak.
D) expansion, trough, recession, peak.

Question

Quizplus · Accepted Answer

The correct order of the business cycle phases is: recession, trough, expansion, peak. This sequence reflects the cyclical nature of economic activity, starting from a downturn (recession), hitting the lowest point (trough), moving into a recovery and growth phase (expansion), and finally reaching the highest point (peak) before the cycle repeats.

The Four Parts of the Business Cycle Occur in the Following