Multiple Choice
Which of the following statements is NOT true?
A) A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough.
B) Between trough and peak, the economy is in an expansion.
C) Between two peaks, the economy is in a recession.
D) A complete business cycle is defined by the passage from one peak to the next.
Correct Answer:
Verified
Correct Answer:
Verified
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