Wesley Mitchell divided the business cycle into 9 stages. Mitchell called the lowest stages of the cycle
A) the initial peak and the initial contraction.
B) the initial trough and the final trough.
C) the cycle relative and the cycle base.
D) the amplitude and the capacity.

Question

Quizplus · Accepted Answer

Wesley Mitchell divided the business cycle into 9 stages, and identified the lowest points as the initial trough and the final trough. Therefore, option B is the correct choice. Option A is incorrect because Mitchell did not refer to the initial peak or initial contraction as the lowest stages of the cycle. Option C is not correct because Mitchell did not use the terms "cycle relative" and "cycle base" to describe the business cycle stages. Option D is not correct because the terms "amplitude" and "capacity" do not accurately describe the stages of the business cycle.

Wesley Mitchell Divided the Business Cycle into 9 Stages