The period in the business cycle from a peak to a trough is a
A) recession.
B) slump.
C) contraction.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

The period in the business cycle from a peak to a trough is characterized by a decrease in economic activity and can be referred to as a recession, slump, or contraction. All these terms describe the downward phase of the business cycle.

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