The Point on a Business Cycle When Real GDP Stops

question 30

Multiple Choice

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

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

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Definitions:

Free African Americans

Individuals of African descent in the United States who were not enslaved and lived with certain legal restrictions despite their status.

Colonization Movement

The historical process by which a country takes control over foreign lands to exploit resources, establish settlements, and exert political control.

African Americans

A racial or ethnic group in the United States with ancestry from the black racial groups of Africa.

Mission System

A network of missions established by European colonizers, particularly in the Americas, for the purposes of Christianizing, colonizing, and managing indigenous populations.