In the business cycle,what immediately precedes the time when real GDP is falling?
A)recession
B)peak
C)depression
D)trough
E)expansion

Name: In the business cycle,what immediately precedes the time when real GDP is falling? A)recession B)peak C)depression D)trough E)expansion
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Question

Quizplus · Accepted Answer

The peak is the highest point of the business cycle, after which a decline in real GDP typically follows. Therefore, the peak immediately precedes the time when real GDP is falling.

In the Business Cycle,what Immediately Precedes the Time When Real