A Business Cycle Has Two Turning Points, Which Are the

question 50

Multiple Choice

A business cycle has two turning points, which are the

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

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Definitions:

Iroquois

A confederation of six Native American tribes in the Northeast United States, known for their influential political system and contributions to democratic thought.

Pueblo

Refers to either the Native American people in the Southwestern United States known for their distinctive adobe dwellings or the towns themselves.

Puritans

A group of English Protestants in the 16th and 17th centuries who sought to "purify" the Church of England from Roman Catholic practices, advocating for simpler forms of worship and church organization.