This multiple choice question from MACROECONOMICS course. just write for me the final answer. 318. What term is used to describe the highest point of a businesscycle?a. expansionO b. peakO c. troughO d. recession

In the economic scenario, sometimes upswing and sometimes downswing takes place. The business cycle…

Answered: 8. What term is used to describe the…

8. What term is used to describe the highest point of a business cycle? O a. expansion O b. peak O c. trough O d. recession

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 35CTQ: Think about the business cycle: during a recession, unemployment increases; it decreases in an...

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This multiple choice question from MACROECONOMICS course. just write for me the final answer.

31
8. What term is used to describe the highest point of a business
cycle?
a. expansion
O b. peak
O c. trough
O d. recession

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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