Peaks and troughs of the business cycle are known collectively as:

CA Foundation · Business Economics · MTP · September 2026
Peaks and troughs of the business cycle are known collectively as:
(A) A. Volatility
(B) B. Turning points
(C) C. Equilibrium points
(D) D. Real business cycle events

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Turning points

Topics: Business Cycles

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