In the business cycle, what always follows immediately after a peak? A) contraction B) depression C) expansion D) trough

Question

Social Studies

Haiden

13 October, 16:59

In the business cycle, what always follows immediately after a peak? A) contraction B) depression C) expansion D) trough

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Answers (2)

Know the Answer?

Austin · Answer 1

In the business cycle, what always follows immediately after a peak?

A) contraction

Jayda Bauer · Answer 2

In the business cycle, what follows immediately after a peak is the Contraction phase.

During this period, economic growth weakens, it is what economists call a recession. The unemployment rate begins to rise. Businesses wait to hire new workers until they are sure the recession is over.