Answer:
D. Trough
Step-by-step explanation:
The rise and and fall in the production of goods and services is known as Business Cycle and is measured in the gross domestic product (GDP). Business cycle is different from market cycle. Market cycles are measured using stock market indices.
Business cycle is also called trade or economic cycle. Expansion and contraction are characteristics of the business cycle. Growth is experienced during the contraction phase while the period of economic decline is called contraction or recession.
Expansion, Peak, Recession, depression, Trough and recovery are the stages of a business cycle. Expansion is measured from the bottom of the previous business cycle to the peak of the current. Recession is measured from the peak to the trough.
The Contraction phase is followed by the Trough.