Asked by Elizabeth McGee on May 26, 2024
Verified
The business cycle consists of several stages or phases.Which is the accurate sequence?
A) Recession,recovery,trough
B) Recession,peak,recovery
C) Recession,peak,trough
D) Recession,recovery,peak
E) Recession,trough,recovery
Business Cycle
Periodic fluctuations in economic activity, such as growth and recession.
Recovery
A period of economic improvement following a recession or downturn.
Trough
The lowest point in an economic cycle, marking the transition from recession to recovery.
- Discern the segments of the business cycle, specifically peak, trough, recovery, and recession.
Verified Answer
PM
Prabh Manes
Jun 01, 2024
Final Answer :
E
Explanation :
The correct sequence of the business cycle stages after a recession is: recession, trough (the lowest point, indicating the end of a recession), and then recovery (the period of economic improvement following a trough).
Learning Objectives
- Discern the segments of the business cycle, specifically peak, trough, recovery, and recession.