The period in the business cycle from a ________ to a ________ is called an expansion.
A) peak; trough
B) trough; peak
C) peak; new peak
D) trough; new trough

Question

Quizplus · Accepted Answer

An expansion refers to the period in the business cycle from a trough (lowest point of economic activity) to a peak (highest point of economic activity). Therefore, option B is the correct answer. Option A refers to a contraction phase, while options C and D refer to a continuation or repetition of a previous phase.

The Period in the Business Cycle from a ________ to a ________

The Period in the Business Cycle from a to a