Immediately Following a Business Cycle "Peak" Comes a

question 66

Multiple Choice

Immediately following a business cycle "peak" comes a

• A)"trough."
• B)"recession."
• C)"expansion."
• D)"recurrence."

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Definitions:

Quarter

A three-month period on the financial calendar that corporations use to report their earnings and performance, commonly divided into Q1, Q2, Q3, and Q4.

Semiweekly Schedule Depositor

A designation for businesses that must deposit employee withholding taxes and employer taxes on a semiweekly basis.

Federal Taxes

Taxes levied by the national government of the United States on income, property, and goods and services.

Pay Period

The regular schedule by which employers pay wages to employees, such as weekly, biweekly, or monthly.