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

Question:-A business cycle reflects changes in economic activity, particularly real GDP. The stages of a business cycle are:


a) trough, expansion, recession, peak


b) contraction, recession, expansion, boom


c) expansion, trough, recession, peak


d) expansion, peak, recession, trough

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