The period in the business cycle from a peak to a trough is a(n)
A)recession.
B)boom.
C)expansion.
D)inflation.

Question

Quizplus · Accepted Answer

The correct term for the period in the business cycle from a peak to a trough is a recession, as economic activity declines during this period. Booms are periods of high economic growth and expansion refers to the period of growth between a trough and a peak. Inflation, on the other hand, refers to the increase in the general price level of goods and services.

The Period in the Business Cycle from a Peak to a Trough