A business cycle has two turning points, which are the
A) trough and peak.
B) recession and trough.
C) expansion and recession.
D) peak and expansion.
E) peak and recession.

Question

Quizplus · Accepted Answer

The two turning points in a business cycle are the trough, which marks the end of a recession and the beginning of an expansion, and the peak, which marks the end of an expansion and the beginning of a recession.

A Business Cycle Has Two Turning Points, Which Are the