The period between a business cycle peak and the subsequent trough is called
A)a recession.
B)a complete cycle.
C)an expansion.
D)a change in economic trend.

Question

Quizplus · Accepted Answer

A recession is defined as the period between the peak of economic activity and its subsequent trough, or lowest point. During this time, the economy contracts, leading to a decrease in spending, investment, and employment.

The Period Between a Business Cycle Peak and the Subsequent