In Sequential Order, the Four Phases of the Business Cycle

question 304

Multiple Choice

In sequential order, the four phases of the business cycle are

• A) trough, peak, expansion, contraction.
• B) peak, contraction, trough, expansion.
• C) expansion, contraction, peak, trough.
• D) contraction, trough, peak, expansion.

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Definitions:

Declines

Decreases in quality, quantity, or importance; a movement downwards or a reduction.

Present Information

The act of providing or making current knowledge available to others.

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A professional who specializes in the study of mathematics, focusing on understanding patterns, structures, and concepts in numbers and shapes.

Philosopher

An individual who seeks wisdom and knowledge through critical discussion, argument, and analysis of our existence.