Refer to the diagram above. The phases of the business cycle from points A to D are, respectively:

Name: Refer to the diagram above. The phases of the business cycle from points A to D are, respectively:
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Question

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Point A represents the peak of the business cycle, followed by a recession (point B), then a trough (point C), and finally an expansion (point D). Therefore, the correct sequence of phases is peak, recession, trough, and expansion, which is represented by choice D.

Refer to the Diagram Above