The high point in the business cycle is referred to as the
A)expansion.
B)boom.
C)peak.
D)turning point.

Question

Quizplus · Accepted Answer

The high point in the business cycle is called the peak. This refers to the point where economic activity has reached its highest point and is about to start declining. Option A is incorrect because expansion refers to the period when economic growth is rising, but it doesn't necessarily mean that it has reached its highest point. Option B is incorrect because while a boom can refer to a period of economic growth, it doesn't specifically denote the high point of the business cycle. Option D is also incorrect because the turning point refers to any point where the economy changes direction, either from expansion to contraction or from contraction to expansion, but it doesn't necessarily have to be at the high point.

The High Point in the Business Cycle Is Referred to as the