Which of these correctly lists the sequence of stages in the business cycle?

Question

Quizplus · Accepted Answer

The correct sequence of stages in the business cycle is recession, trough, expansion, and peak. This is because the economy contracts during a recession, reaches a low point at the trough, starts recovering during the expansion stage, and reaches a high point at the peak before starting the contraction phase again. Therefore, option C is the correct answer.

Which of These Correctly Lists the Sequence of Stages in the Business