In a business cycle, a peak occurs before the beginning of a(n) ________ and a trough occurs before the beginning of a(n) ________.
A) expansion; recession
B) depression; expansion
C) trough; peak
D) recession; expansion

Question

Quizplus · Accepted Answer

In a business cycle, a peak is the highest point before the economy starts to contract, leading into a recession. A trough is the lowest point before the economy begins to expand again, marking the start of an expansion phase.

In a Business Cycle, a Peak Occurs Before the Beginning