A. A recession is the period between a trough in the business cycle and the next

Question

A. A recession is the period between a trough in the business cycle and the next peak, whereas an expansion is the period between a peak in the business cycle and the next trough.

B. A recession is the period from one peak to the next in a business cycle, whereas an expansion is the period from one trough to the next in a business cycle.

C. A recession is the period between a peak in the business cycle and the next trough, whereas an expansion is the period between a trough in the business cycle and the next peak.


D. A recession is the period from one trough to the next in a business cycle, whereas an expansion is the period from one peak to the next in a business cycle.

Explanation / Answer

C

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.