Question

Business Cycle

A
B
D
С
Public Domain
Which point of the business cycle represents a peak?
00
E

Answer 1

The answer is E.

Step-by-step explanation:

A peak is the turning point from growth to decline, in which production has reached the highest level. In the graph, both A and E peak.

Also, I took the quiz and got a 100%.

The Rest of the Question:

Public Domain

Which point of the business cycle represents a peak?

B

C

D

E

Answer 2

A $ E

Step-by-step explanation:

Business cycles are the fluctuations in economic activities, as indicated in varying GDP values. A full business cycle will have the economy experience periods of boom or peak and trough, which is the downturn.

The peak season is when the economy is operating at its optimal level. The economy is experiencing increased activities resulting in a high GDP value. Business and people incomes are high, while the rate of unemployment is low. The economy is flourishing at the peak period. In the graph points, A and E represents the peak.