ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Peak.
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Trough.
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Shutdown.
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Expansion.
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Detailed explanation-1: -The option is true as stagflation is not a part of the business cycle.
Detailed explanation-2: -Key Takeaways The business cycle goes through four major phases: expansion, peak, contraction, and trough. All economies go through this cycle, though the length and intensity of each phase varies.
Detailed explanation-3: -The four fundamental stages of the business cycle are expansion, peak, contraction and trough. The National Bureau of Economic Research (NBER) measures the business cycle by analyzing quarterly gross domestic product (GDP).
Detailed explanation-4: -Listed in order, the phases of a complete business cycle are expansion, contraction, trough, peak. contraction, recession, depression, expansion. expansion, contraction, trough, peak. contraction, trough, expansion, peak.