The Four Phases of a Business Cycle, in Order, Are

question 134

Multiple Choice

The four phases of a business cycle, in order, are

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

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Definitions:

Social Security Payments

These are government payments made to qualifying individuals, such as the elderly or disabled, to help support their income.

Indexed

Adjusted or linked to a specific index or a standard measurement, commonly used to maintain purchasing power or adjust for inflation.

Price Index

A statistical measure that examines the weighted average of prices of a selected basket of goods and services over a period, used to track inflation or deflation.

Social Security Payments

Government-provided financial assistance to people with inadequate or no income, especially the elderly or disabled.