A. A recession is the period between a trough in the business cycle and the next

Question

A. A recession is the period between a trough in the business cycle and the next peak, whereas an expansion is the period between a peak in the business cycle and the next trough.

B. A recession is the period from one peak to the next in a business cycle, whereas an expansion is the period from one trough to the next in a business cycle.

C. A recession is the period between a peak in the business cycle and the next trough, whereas an expansion is the period between a trough in the business cycle and the next peak.


D. A recession is the period from one trough to the next in a business cycle, whereas an expansion is the period from one peak to the next in a business cycle.

Explanation / Answer

C

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