The part of a business cycle that follows a peak is the:
a. trough phase of the cycle.
b. break-even point of the cycle.
c. peak period of the cycle.
d. recessionary phase of the cycle.
e. expansionary phase of the cycle.
Question 2
In the business cycle, a trough marks the end of a(n) _____ and the beginning of a new _____.
a. contraction; expansion
b. peak; expansion
c. expansion; contraction
d. peak; contraction
e. expansion; peak
