Business Cycle Recovery Period

The Business Cycle Recovery Period

Prev Question Next Question

Question

The period between the trough of the business cycle and the next peak is called the

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

B

After a downturn reaches bottom and economic conditions begin to improve, the economy enters the expansion phase of the cycle. Here business sales rise, GDP grows rapidly and the rate of unemployment declines. The expansion eventually blossoms into another business peak.

Prev Question Next Question