In a Business Cycle,a Period from Trough to Peak May

question 4

Multiple Choice

In a business cycle,a period from trough to peak may be referred to as ________.

• A)a contraction
• B)an expansion
• C)a recurrence
• D)all of the above
• E)none of the above

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Definitions:

Total Revenue

The total amount of money generated by selling goods or services before any expenses are subtracted.

Opposite Directions

A term potentially used to describe actions or movements that are completely contrary to each other in orientation or aim.

Total Revenue

The total amount of money earned from the sale of goods or services before deducting any costs.

Price

The sum of money needed to buy a product or service.