Question: Which term refers to a point in the business cycle, where a transition from expansion to recession takes place? A. Upturn B. Trough C. Peak
Which term refers to a point in the business cycle, where a transition from expansion to recession takes place?
A. Upturn
B. Trough
C. Peak
D. Depression
E. None of the above.
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Option C Peak A business cycle has four phases and t... View full answer
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