In the Accompanying Diagram, the Phases of the Business Cycle

question 77

Multiple Choice

In the accompanying diagram, the phases of the business cycle from points A to D are

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

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