Which of the following marks the beginning of a contraction in the business cycle:

CA Foundation · Business Economics · MTP · May 2026
Which of the following marks the beginning of a contraction in the business cycle:
(A) A. Peak
(B) B. Expansion
(C) C. Recession
(D) D. Trough

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Peak

Topics: Business Cycles

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