In a business cycle,a period from peak to trough may be referred to as ________.
A)a contraction
B)a recession
C)a depression
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

In a business cycle, the period from peak to trough encompasses all phases of economic downturn, including contractions, recessions, and depressions. Therefore, all of the given terms can be used to describe this phase, depending on its severity and context.

In a Business Cycle,a Period from Peak to Trough May