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Question
Statistics
Posted 4 months ago
Which of the following correctly describes the sequence of phases in a typical business cycle?
Choose 1 answer:
(A) Expansion, peak, recession, trough
(B) Expansion, recession, trough, peak
(c) Growth, contraction, trough, recovery
(D) Recession, peak, contraction, expansion
(E) Boom, contraction, bust, recovery
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Answer from Sia
Posted 4 months ago
Solution by Steps
step 1
Identify the correct sequence of phases in a typical business cycle. The sequence is Expansion, Peak, Recession, and Trough
step 2
Match the identified sequence with the given answer choices
step 3
Confirm that the sequence Expansion, Peak, Recession, Trough corresponds to answer choice (A)
1 Answer
***A***
Key Concept
Business Cycle Phases
Explanation
The typical sequence of phases in a business cycle is Expansion, Peak, Recession, and Trough.
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