Economics · Business Cycles

What is the correct sequential order of phases in a business cycle starting from expansion?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Expansion, Peak, Contraction, Trough✓
2Trough, Contraction, Expansion, Peak
3Peak, Contraction, Expansion, Trough
4Expansion, Trough, Peak, Contraction

Correct answer

Expansion, Peak, Contraction, Trough

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