Which word does not describe a phase of a business cycle?
A) trough
B) expansion
C) contraction
D) peak
E) inflation

Name: Which word does not describe a phase of a business cycle? A) trough B) expansion C) contraction D) peak E) inflation
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Question

Quizplus · Accepted Answer

Inflation is not a phase of the business cycle, but rather a measure of the general increase in prices of goods and services in an economy over a period of time. The correct choices are A, B, C, and D as they are all phases of the business cycle.

Which Word Does Not Describe a Phase of a Business