Economics · Macroeconomics (Business Cycles)
The correct sequence of phases in a business cycle is:
- 1Boom → Recession → Recovery → Depression → Peak
- 2Trough → Depression → Recession → Recovery → Prosperity
- 3Recovery → Prosperity → Peak → Recession → Depression → Trough
- 4Peak → Recession → Trough → Recovery → Prosperity✓
Correct answer
Peak → Recession → Trough → Recovery → Prosperity
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