In a business cycle,a peak represents the end of
A)an expansion.
B)a depression.
C)trough.
D)a recession.

Question

Quizplus · Accepted Answer

A peak in the business cycle represents the end of an expansion when economic activity and growth have reached their highest point before the economy begins to slow down and enter a recession. Peaks are characterized by a high level of employment, high consumer and business confidence, and strong levels of economic growth.

In a Business Cycle,a Peak Represents the End of