Choose the correct order of the phases in a business cycle.
a. Contraction, Peak, Recovery, Trough.
b. Recovery, Contraction, Peak, Trough.
c. Peak, Contraction, Trough, Recovery.
d. Peak, Trough, Contraction, Recovery.
e. None of the above.
Answer: c. Peak, Contraction, Trough
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.