In a Business Cycle, a Peak Occurs Before the Beginning

question 123

Multiple Choice

In a business cycle, a peak occurs before the beginning of a(n) ________ and a trough occurs before the beginning of a(n) ________.

• A) expansion; recession
• B) depression; expansion
• C) trough; peak
• D) recession; expansion

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Definitions:

Start-up Businesses

Companies in their early stages of operation, focusing on a unique product or service aiming to meet a market need or solve a problem.

Top Executive

A high-level position in a company responsible for making major corporate decisions, overseeing the overall operations, and managing organizational resources.

Technological Breakthroughs

Major advances in technology that can dramatically change an industry or economy.

Internet

The Internet is a global network of computers that allows for the exchange of data, communication, and access to information across the world.