74.1k views
4 votes
Peak and valley are the two distinct phases of a business cycle. true or false

User Reite
by
7.3k points

2 Answers

3 votes

False. Recession and expansion are the two distinct phases of a business cycle.

Step-by-step explanation:

User Santos
by
8.0k points
4 votes

Answer:

False.

Step-by-step explanation:

  • The business cycle is also known as the Economic or the trade cycle.
  • The business cycle is the upward or the downward movement of the GDP around its growth in the long term.
  • A business cycle usually has four distinct phases known as - expansion, peak, contraction and trough.
  • The growth rate of real GDP is the instrumental tool for measuring the business cycles.
User Vimal Bera
by
8.0k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.