Which of the following is not a phase in the business cycle?
A)shutdown
B)trough
C)peak
D)expansion

Question

Quizplus · Accepted Answer

Shutdown is not considered a phase in the business cycle. The four main phases of the business cycle are expansion, peak, contraction (also known as recession), and trough. Shutdown may refer to the cessation of operations of a particular business or industry, but it is not a recognized phase of the broader economic cycle.

Which of the Following Is Not a Phase in the Business