Which phase of business cycle is also called downswing?

CA Foundation · Business Economics · PYQS · January 2026
Which phase of business cycle is also called downswing?
(A) A. Expansion
(B) B. Contraction
(C) C. Trough
(D) D. Depression

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Contraction

Topics: Business Cycles

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