A possible order of events in an economy over time is:
A)expansion, recession, peak, expansion.
B)recession, trough, expansion, peak.
C)expansion, peak, trough, recession.
D)recession, trough, peak, expansion.

Question

Quizplus · Accepted Answer

This order follows the typical business cycle. The economy starts with a recession, reaches its lowest point at the trough, starts to recover during the expansion phase, reaches its highest point at the peak, and then enters into another recession.

A Possible Order of Events in an Economy Over Time