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Which term describes the highest point in an economic expansion?
Wiki User
∙ 12y ago
Peak
Wiki User
∙ 12y ago
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What term best descibes the highest point in an economic expansion?
Peak, pinnacle, apex. You choose.Technically speaking in economics: the highest point between the end of an economic expansion and the start of a contraction in a business cycle is called the Peak. The peak of the cycle refers to the last month before several key economic indicators, such as employment and new housing starts, being to fall. It is a at this point that real GDP spending in an economy is its highest level.
Which of these describes the economic recovery period in the business cycle?
Economic activity is rising above the point of the previous peak.
Which point in the business cycle occurs when economic activity goes to positive to negative and and expansion turns into a recession?
Trough A+
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+
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