Question

What stage of the business cycle would be most appropriate to describe the years from 1929 to 1933? a peak a trough a contraction an expansion?

Answer 1

a contraction hope this helps :)

Answer 2

The answer is: A contraction

A contraction occurs when business cycle is on the decline. This happen from the years of 1929 - 1933 when united states experienced one of our longest economic depression. During a contraction period, it is very likely that the Gross Domestic products in a certain nations would fall down for more than two consecutive years.