The Point on a Business Cycle Where Real GDP Stops

question 54

Multiple Choice

The point on a business cycle where real GDP stops rising and begins falling is called a(n) :

• A) peak.
• B) trough.
• C) expansion.
• D) recession.

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Definitions:

Accounting Information Systems

Systems that collect, store, and process financial and accounting data to produce informational reports that management or other interested parties can use to make business decisions.