A peak is the
A) lower turning point of a business cycle when an expansion ends.
B) lower turning point of a business cycle when a recession ends.
C) upper turning point of a business cycle when an expansion ends.
D) upper turning point of a business cycle when a recession ends.

Question

Quizplus · Accepted Answer

A peak is the point at which an economic expansion reaches its highest point before starting to decline into a recession, marking the end of the expansion phase.

A Peak Is the