The Business Cycle Consists of Four Phases

question 50

Multiple Choice

The business cycle consists of four phases. At the top we have:

• A) expansion, followed by peak, and then trough followed by a recession.
• B) expansion, followed by a recession, and then peak followed by recession.
• C) peak, then a trough followed by a recession, and then expansion.
• D) peak, then a recession followed by a trough, and finally, recovery.