Which of the following is NOT one of the stages of the traditional business cycle?
A) prosperity
B) inflation
C) recovery
D) recession
E) depression

Question

Quizplus · Accepted Answer

Inflation is not considered a stage of the traditional business cycle. The traditional business cycle includes stages such as prosperity, recovery, recession, and depression, which describe the fluctuations in economic activity over time. Inflation, on the other hand, refers to the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. It is a phenomenon that can occur during various stages of the business cycle, rather than being a stage itself.

Which of the Following Is NOT One of the Stages