The high point in the business cycle is referred to as the
A)turning point.
B)peak.
C)boom.
D)trough.

Question

Quizplus · Accepted Answer

The high point in the business cycle is referred to as the peak. Option A, "turning point" may refer to either the peak or the trough, which is the low point in the business cycle. Option C, "boom," typically refers to a sustained period of economic growth, rather than a specific point in the business cycle. Option D, "trough," is the low point in the business cycle.

The High Point in the Business Cycle Is Referred to as the