Question

The logical sequence of the phases of a business cycle is: ____________

Group of answer choices
A) peak,
B) trough,
C) expansion,
D) recession.

Answer 1

phases in the sequence of Recession, trough, expansion and Peak

Step-by-step explanation:

we know that 4 phases of a business cycle are

peak and downturn (recession) and trough and upturn (expansion)

top of cycle is called peak

and boom is a very high peak

recession where conomic activity is falling from the peak

and when decline persist for more than 2 consecutive quarters that is recession

and The bottom of the recession is trough

so we know business cycle is a economic model that describe fluctuation in economic activity

and that includes production of goods and service and business cycle go through its phases in the sequence of Recession, trough, expansion and Peak