Which of the Following Observations Concerning Phases of a Business

question 1

Multiple Choice

Which of the following observations concerning phases of a business cycle is incorrect?

• A)Maximum amount of unemployment occurs exactly at the trough.
• B)Expansion phase is measured from the trough to the peak.
• C)Trough is the point in time when output stops declining.
• D)The contraction phase is also called recession.

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Definitions:

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A period of time or duration for which an agreement, contract, or condition applies.

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A government-managed registry that allows individuals to limit the telemarketing calls they receive.

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A term indicating an indefinite, limitless period of time, often used hyperbolically.

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