When a Recession Ends, What Stage of the Business Cycle

question 83

Multiple Choice

When a recession ends, what stage of the business cycle is the economy entering?

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

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Definitions:

Unconditioned Stimulus

A stimulus that instinctively elicits a response without any prerequisite learning.

Conditioned Stimulus

A once-neutral trigger that, upon association with an unconditioned stimulus, in time provokes a conditioned response.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.