In a business cycle, a period from peak to trough may be referred to as:

CA Foundation · Business Economics · MTP · January 2025
In a business cycle, a period from peak to trough may be referred to as:
(A) A. an expansion.
(B) B. a recurrence.
(C) C. a contraction.
(D) D. a stagflation.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. a contraction.

Topics: Business Cycles

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