A possible order of economic fluctuations is:
A)recession, boom, expansion, trough.
B)expansion, recession, boom, trough.
C)recession, trough, expansion, peak.
D)expansion, trough, recession, peak.

Question

Quizplus · Accepted Answer

The correct order of economic fluctuations is: trough, expansion, peak, recession, and then back to a trough. Option C is the only one that follows this order. Option A has "boom" out of place, and option B has "boom" in the wrong place. Option D has "trough" and "peak" reversed.

A Possible Order of Economic Fluctuations Is