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

Question

Quizplus · Accepted Answer

An expansion is the period of a business cycle from the trough (the low point of the cycle) to the peak (the high point of the cycle). Therefore, choice B is the correct answer. A contraction is the opposite period from peak to trough, and a recurrence is a general term referring to the repetition of a particular event or phenomenon. However, both A and C are not applicable in this context since they do not accurately describe the period from trough to peak. Therefore, the correct answer is choice B only.

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