What is the correct order of events in a typical business cycle?
A)Prosperity,recession,depression,and recovery
B)Depression,recovery,recession,and prosperity
C)Recovery,depression,prosperity,and recession
D)Recession,recovery,prosperity,and depression

Question

Quizplus · Accepted Answer

The typical business cycle follows the sequence of prosperity (or expansion), leading to a peak, followed by recession (or contraction), leading to a trough, which is then followed by depression (or a more severe downturn if it occurs), and finally recovery, which leads back to prosperity. This cycle repeats over time, and option A correctly lists these phases in their conventional order.

What Is the Correct Order of Events in a Typical