In a business cycle, a peak marks the end of an expansion and the beginning of a recession.

Name: In a business cycle, a peak marks the end of an expansion and the beginning of a recession.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

A peak is the highest point of economic growth in a business cycle, after which the economy starts to slow down and eventually leads to a period of contraction or recession. Therefore, a peak marks the end of an expansion and the beginning of a recession.

In a Business Cycle, a Peak Marks the End of an Expansion