The common terms for a stylised version of a business cycle are called:
A)principal and interest.
B)growth and decline.
C)cyclical and circular.
D)peak and trough.

Question

Quizplus · Accepted Answer

The stylized version of a business cycle is commonly represented as a waveform with peaks and troughs. The peak represents the highest point in the cycle and the trough represents the lowest point. Therefore, the terms "peak and trough" are the most appropriate options. The other choices are either too broad (growth and decline) or unrelated (principal and interest, cyclical and circular).

The Common Terms for a Stylised Version of a Business