ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The four phases of the business cycle are:
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Expansion, Top, Decline, Bottom,
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Upwards, Peak, Downwards, Lowest
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Expansion, Peak, Contraction, Trough
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Increase, Highest, Contraction, Trough
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Explanation:
Detailed explanation-1: -The economic cycle generally comprises four phases: expansion, peak, contraction, and recovery. The duration of economic cycles varies, making the phases difficult to time. Some sectors tend to outperform others during different phases of the cycle.
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