
The four phases of a business cycle, in order, are
A) peak, contraction, trough, expansion.
B) recession, trough, peak, expansion.
C) expansion, trough, recession, peak.
D) trough, recession, expansion, peak.
E) peak, expansion, trough, recession.
Correct Answer:
Verified
Q1: The most widely used measure of a
Q2: The Great Depression
A) was a prolonged economic
Q4: The period between a peak and a
Q5: Which of the following would be considered
Q6: A business cycle refers to
A) fluctuations in
Q7: Business cycles are
A) variations in the economy
Q8: The part of a business cycle that
Q9: The three types of indicators classified by
Q10: The longest period of increasing real GDP
Q11: Figure 11.1
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