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Refer to the Above Diagram

Question 114

Multiple Choice

Refer to the above diagram.The phases of the business cycle from points A to D are, respectively: A) peak, recession, expansion, trough. B) trough, expansion, expansion, peak. C) expansion, recession, trough, peak. D) peak, recession, trough, expansion. Refer to the above diagram.The phases of the business cycle from points A to D are, respectively:


A) peak, recession, expansion, trough.
B) trough, expansion, expansion, peak.
C) expansion, recession, trough, peak.
D) peak, recession, trough, expansion.

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