The four phases of the business cycle are:

CA Foundation · Business Economics · RTP · September 2024
The four phases of the business cycle are:
(A) A. Peak, recession, trough and boom
(B) B. Peak, depression, trough and boom
(C) C. Peak, recession, trough and recovery
(D) D. Peak, depression, bust and boom.

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Peak, recession, trough and recovery

Topics: Business Cycles

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