A Peak Is

question 56

Multiple Choice

A peak is

• A)a transition from an expansion in the business cycle to the start of a contraction.
• B)a transition from a contraction in the business cycle to the start of an expansion.
• C)a depression that lasts more than three years.
• D)only a feature of geography and not an investment term.

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Definitions:

Business Community

The collective group of people involved in the private sector, including business owners, managers, and employees, often advocating for policies that support the interests of businesses.

Democrats

Members or supporters of the Democratic Party, one of the two major political parties in the United States, traditionally advocating for social equality and government intervention in the economy.

Wagner Act

Also known as the National Labor Relations Act of 1935, this is a foundational statute of US labor law which guarantees the right of private sector workers to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.