In the Business Cycle,what Immediately Precedes the Time When Real

question 65

Multiple Choice

In the business cycle,what immediately precedes the time when real GDP is falling?

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

---

Definitions:

Compounded Quarterly

An interest calculation method where the accrued interest is added to the principal four times a year, increasing the amount on which future interest is computed.

Quarterly Profits

The net earnings or losses of a company calculated every three months within a fiscal year.

Patent

A legal authorization granted to an inventor to exclusively manufacture, use, or sell an invention for a certain number of years.

Ordinary Annuity

A series of equal payments made at regular intervals, with interest compounded at the end of each period.