Over a series of business cycles, one might find a peak, a trough, a period of expansion, and a period of contraction. Which of the following statements is true?
a. A recession immediately follows a trough.
b. A recession is a period of contraction that follows a peak.

Question

06-01-2022
Advanced Placement (AP)

Answered

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Over a series of business cycles, one might find a peak, a trough, a period of expansion, and a period of contraction. Which of the following statements is true?
a. A recession immediately follows a trough.
b. A recession is a period of contraction that follows a peak.

Sagot :

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