A recession runs from the
A)peak of the business cycle to its trough.
B)peak of the business cycle to a recovery.
C)expansion of a business cycle to its peak.
D)trough of a business cycle to its peak.
E)trough of a business cycle to its expansion.

Question

Quizplus · Accepted Answer

A recession is a period of significant decline in economic activity that lasts for at least six months. It is defined as the period between the peak of the business cycle (when the economy is growing and employment and production are at their highest levels) and the trough (when the economy is in decline and unemployment and production are at their lowest levels). Therefore, the correct answer is A: peak of the business cycle to its trough.

A Recession Runs from the