The Sequence of Business Cycle Phases Is

question 51

Multiple Choice

The sequence of business cycle phases is:

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

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Definitions:

Leading Countries

Nations that are at the forefront in terms of economic, political, military, or technological development.

Legal Immigrants

Individuals who have been granted authorization by a country to live, work, or study there according to its laws.

Illegal Immigrants

Individuals who enter or reside in a country without the legal permission of the government.

Residing Continuously

Living in the same place without interruption or change of location over a period of time.