The Contraction Phase of a Business Cycle Is Best Described

question 25

Multiple Choice

The contraction phase of a business cycle is best described as the time

• A) elapsed from a trough to a peak.
• B) elapsed from a peak to a trough.
• C) elapsed from a peak to a peak.
• D) elapsed from a trough to a trough.
• E) spent producing below the long-run trend of GDP.