In reference to short-term economic fluctuations, the "peak" refers to:
A)a period in which the economy is growing at a rate significantly above normal.
B)the high point of economic activity prior to a downturn.
C)the high point of economic activity prior to a recovery.
D)a particularly strong and protracted expansion.

Question

Quizplus · Accepted Answer

The peak of a business cycle is the end of an expansion and the beginning of a recession; the high point of economic activity prior to a downturn.

In Reference to Short-Term Economic Fluctuations, the "Peak" Refers To