A Business Cycle Reflects Changes in Economic Activity,particularly Real GDP

question 78

Multiple Choice

A business cycle reflects changes in economic activity,particularly real GDP.What are the stages of a business cycle,in order?

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

---

Definitions:

Fossil Fuels

Natural fuels such as coal, oil, and natural gas, derived from the decomposition of ancient organic matter.

Total Energy Consumption

The aggregate amount of energy utilized by all sectors within a country or specific entity.

Column Chart

A graphical representation of data where each category is represented by a column, its height based on the data value.

Area Chart

An area chart is a type of graph used in statistics to represent quantitative data. It is similar to a line chart, but the area between the line and the axis is filled with color or shading to highlight volumes.