What is the proper sequence of the phases of a business cycle?
A) peak,contraction,trough,expansion,recovery
B) peak,contraction,recovery,trough,expansion
C) peak,contraction,trough,recovery,expansion
D) contraction,peak,trough,recovery,expansion
E) recovery,trough,peak,expansion,contraction

Question

Quizplus · Accepted Answer

The proper sequence of the phases of a business cycle is peak, contraction, trough, recovery, and expansion. This sequence represents the natural ebb and flow of the economy, with periods of growth followed by periods of decline and vice versa. Option C represents the correct order of these phases.

What Is the Proper Sequence of the Phases of a Business