Question

Recessions can occur in the peak phase of a business cycle TRUE FALSE

Answer 1

True

Step-by-step explanation:

Recessions can occur in the peak phase of a business cycle.

Answer 2

True

Step-by-step explanation:

While the business is at it's peak, profit may significantly drop due to technical problems or a severe lag of customers that buy up the product. However, Recessions during peak phase generally bounce back really quickly, returning to the peak amount.

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