The High Point in the Business Cycle Is Referred to as the

question 53

Multiple Choice

The high point in the business cycle is referred to as the

• A)expansion.
• B)boom.
• C)peak.
• D)turning point.

---

Definitions:

Permanent

Something that is intended to last or remain unchanged indefinitely.

Temporary

Pertaining to a limited period of time; not permanent.

Skunkworks Teams

Small, autonomous, highly innovative groups within an organization tasked with working on advanced or secret projects.

Bureaucratic Rules

Formalized guidelines and procedures designed to standardize operations, often within a large organization or government agency.