What is the correct order of events in a typical business cycle?
A) Prosperity, recession, depression, and recovery
B) Depression, recovery, recession, and prosperity
C) Recovery, depression, prosperity, and recession
D) Recession, recovery, prosperity, and depression
E) Recession, depression, and regression

Question

Quizplus · Accepted Answer

The typical business cycle follows the sequence of prosperity (a period of economic growth), recession (a slowdown in economic activity), depression (a severe and prolonged downturn), and recovery (a period of economic improvement following a depression).

What Is the Correct Order of Events in a Typical