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:

Nationwide

Something that extends or applies across an entire country or nation.

United States

A country in North America comprising 50 states, a federal district, and several territories.

Anonymity

The state of being unknown or unidentifiable, often used to protect privacy or security.

Discrimination

Unjust or prejudicial treatment of different categories of people or things, especially on the basis of race, age, or sex.