The part of a business cycle that follows a peak is the:
A)trough phase of the cycle.
B)break-even point of the cycle.
C)peak period of the cycle.
D)recessionary phase of the cycle.
E)expansionary phase of the cycle.

Question

Quizplus · Accepted Answer

The part of a business cycle that follows a peak is the recessionary phase of the cycle. This is characterized by a decline in economic activity, such as a decrease in demand for goods and services, rising unemployment, and a decrease in GDP.

The Part of a Business Cycle That Follows a Peak