The business cycle has two phases,
A)expansion and peak.
B)recession and trough.
C)peak and trough.
D)recession and expansion.
E)expansion and trough.

Name: The business cycle has two phases, A)expansion and peak. B)recession and trough. C)peak and trough. D)recession and expansion. E)expansion and trough.
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Question

Quizplus · Accepted Answer

The business cycle consists of two main phases: recession (a period of economic decline) and expansion (a period of economic growth).

The Business Cycle Has Two Phases