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What is the correct order of the business cycle?

The correct order of the business cycle is: expansion, peak, contraction (or recession), and trough. During expansion, economic activity increases, leading to a peak where growth reaches its highest point. This is followed by contraction, where economic activity declines, eventually reaching a trough, the lowest point of the cycle, before the cycle begins anew with another expansion.


What is the peak of economic activity called?

prosperity


What is a recession start date called?

The date at which a recession starts is called a peak.


What word describes the phase of a business cycle that occurs after a trough and before a peak?

The phase of a business cycle that occurs after a trough and before a peak is called an "expansion." During this phase, economic activity increases, characterized by rising GDP, employment, and consumer spending. Expansion reflects a recovery from the previous downturn, leading to growth and increased business confidence.


List the phases of the business cycle and describe how the different phases begin and end.?

The business cycle consists of four main phases: expansion, peak, contraction (recession), and trough. Expansion begins with increased economic activity, leading to rising employment and consumer spending, while it ends when growth reaches its maximum capacity, resulting in inflation. The peak is the point where the economy is at its highest before a downturn starts. Contraction begins when economic activity slows, leading to decreased spending and layoffs, and ends when the economy hits a trough, the lowest point before recovery begins.

Related Questions

When are cranberries at their ripest?

Harvest begins around the 20th of September, reaches its peak in October, and is usually completed before Thanksgiving.


What is the highest point a rocket reaches during flight?

The highest point a rocket reaches during its flight is typically the apogee, which is the point of maximum altitude. This is the point where the rocket reaches its peak altitude before descending back to Earth.


How tall is communist peak?

Communist Peak was renamed to Ismoil Somoni Peak in 1998. This peak reaches a height of 24,590 feet and is located in Russia.


Does climax mean the problem of a story?

No, the climax is the highest point of tension or turning point in a story where the conflict reaches its peak. It is not the problem itself, but rather the moment of greatest suspense or drama before the resolution.


Where is the crest wave located?

The crest wave is located at the highest point of a wave, where the upward motion of the wave reaches its peak before breaking or dissipating.


How tall is Communist?

Communist Peak was renamed to Ismoil Somoni Peak in 1998. This peak reaches a height of 24,590 feet and is located in Russia.


What are the beginning and ending of recession called?

The beginning of a recession is referred to as a "peak," which is the point at which economic activity reaches its highest level before a downturn begins. Conversely, the end of a recession is called a "trough," representing the lowest point of economic activity before recovery starts. Together, these points mark the cyclical nature of economic fluctuations.


Second highest peak?

The second highest peak on Earth is the K2 mountain. Due to its extremely difficult trail, the mountain is also called the Savage Mountain.


What is the moment of greatest emotional tension in a story called?

The climax of a story is the moment of greatest emotional tension where the conflict reaches its peak and the outcome is decided.


What time of the day melatonin reaches peak level in the body?

At night


What is the climax of the little incident?

The climax of a story is the turning point where the conflict reaches its peak and the outcome is decided. It is the most intense moment where tension is at its highest before resolving.


What is difference between amplitude and peak value?

It is the highest value of the amplitude, called the peak value. Scroll down to related links and look at "RMS voltage, peak voltage and peak-to-peak voltage". Look at the figure in the middle below the headline "RMS voltage, peak voltage and peak-to-peak voltage".