Question 1
In a business cycle, a peak represents the end of ________ and a trough represents the end of ________.
◦ an expansion; a recession
◦ a depression; an expansion
◦ a trough; a peak
◦ a recession; an expansion
Question 2
In a business cycle, a peak represents the end of
◦ an expansion.
◦ a depression.
◦ a trough.
◦ a recession.