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What is mean by peak in the business cycle?
Is a temporary maximum point.
Which point in the business cycle has the greatest economic activity?
Peak a+
What are fours phases of the business cycle?
Are peak, recession,trough, and expansion
What stage immediately follows a peak in a typical business cycle?
contraction
In a typical business cycle what stage immediately follows a peak?
contraction
What are the four phrases of business cycle?
Expansion, Peak, Contraction, and Trough (recession)
At which point in a business cycle would you prefer to be the peak or the trough?
ATV the peak because the employment situation is better then at the trough
Peak (business cycle)?
the last month and quarter of growth before the recession starts
Which point in the business cycle occurs when economic activity goes from a positive to negative and an expansion turns into a recession?
Trough A+
When the expansion of the economy and the inflation that goes with it stop the business cycle has reached a?
Peak or a high point.
True or false a expansion of the economy always follows a peak or boom?
The simple answer to this questions is False. In economics you learn the ideal of a business cycle, which is the layout for economic cycles. The cycle represents a wave in a visual representation. A peak or boom is the point at which the GDP is maximized; this is then followed by a recession where the GDP is in decline. To follow the recession you have a trough cycle, which is the point where GDP is minimized. To follow the trough you have a recovery cycle where the GDP is in incline to the point of the peak or boom. So to answer the question in an economic business cycle term an expansion follows a trough in the economy and actually leads to a peak or boom.
3 explain what is the business cycle and what are the four states of the cycle?
i will only give the states ( a) peak, b ,repression ,c ,recovery d recession
