A Peak Is the

question 179

Multiple Choice

A peak is the

• A) lower turning point of a business cycle when an expansion ends.
• B) lower turning point of a business cycle when a recession ends.
• C) upper turning point of a business cycle when an expansion ends.
• D) upper turning point of a business cycle when a recession ends.

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Definitions:

Cognitive Map

An internal representation of the spatial relationships between objects or locations in an individual's environment.

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method, or decision.

Illusory Correlations

The cognitive bias of perceiving a relationship between variables (typically people, events, or behaviors) even when no such relationship exists.

Cognitive Maps

Mental representations of physical locations, allowing an individual to visualize paths or navigate spaces they have experienced.