In: Economics
The period of expansion ends with a _______ and the period of recession ends with a _______
Select one
a business cycle trough business cycle trough
b business cycle trough, business cycle peak gestion
c business cycle peak, business cycle peak
d. business cycle peak: business cycle trough
Business cycle in simple terms described the increase or decrease in the output of the production of goods and services in an economy over a given period of time
It has mainly six stages that are- expansion, peak, recession, depression, trough and recovery
In the period of expansion, the economy does very good in terms of employment, income production etc
Money supply is also good in this time increased
After that the peak is reached in which the economy hits at its maximum level of growth
In recession there is opposite effect of expansion
The business and economy get into the contraction phase, unemployment increases and economy overall slows down and it is comes to a lowest point called trough
Hence the correct answer there is option d