The Expansion Phase of a Business Cycle Is Best Described

Multiple Choice

The expansion phase of a business cycle is best described as:

A) the time elapsed from a trough to a peak.
B) the time elapsed from a peak to a trough.
C) the time elapsed from a peak to a peak.
D) the time elapsed from a trough to a trough.
E) the time spent producing above the long-run trend of GDP.