The Business Cycle Consists of Four Phases

question 146

Multiple Choice

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

• A) recovery, followed by peak, and then recession followed by a recession.
• B) recovery, followed by a recession, and then peak followed by recession.
• C) peak, then an upturn followed by a recession, and then recession.
• D) peak, then a recession followed by expansionary, and then recession.
• E) peak, then a recession followed by recession, and finally, expansionary.

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