In business cycle peaks and troughs are collectively known as:

CA Foundation · Business Economics · MTP · April 2025
In business cycle peaks and troughs are collectively known as:
(A) A. Turning Points
(B) B. Equilibrium Points'
(C) C. Real business cycle events'
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Turning Points

Topics: Business Cycles

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