Which of the following is the CORRECT order of the stages in a business cycle?

Which of the following is the CORRECT order of the stages in a business cycle?



A) Expansion, peak, contraction, trough.

B) Peak, expansion, contraction, trough.

C) Contraction, trough, peak, expansion.

D) Trough, contraction, expansion, peak.



Answer: A) Expansion, peak, contraction, trough.


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