According to economists,what are the stages of the normal business cycle?

Question

Quizplus · Accepted Answer

The normal business cycle consists of four main stages: expansion, peak, contraction (or recession), and trough (or recovery). Choice A correctly lists stages that align with this cycle, albeit not in the traditional order of progression. The correct order is expansion, peak, contraction, and recovery. However, since the question asks for the stages rather than their order, A is the best match with "contraction, expansion, recession, and recovery," where recession is a form of contraction and recovery follows the contraction phase.

According to Economists,what Are the Stages of the Normal Business