Question: A business cycle reflects changes in economic activity, particularly real GDP. The stages of a business cycle are: Question 16 options: a) expansion, trough, recession,

A business cycle reflects changes in economic activity, particularly real GDP. The stages of a business cycle are: Question 16 options: a) expansion, trough, recession, peak b) trough, expansion, recession, peak c) contraction, recession, expansion, boom d) expansion, peak, recession, trough

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