Question

which of the following is not a stage of the business cycle?
a. recession
b. stagnation
c. trough
d. expansion or recovery
e. peak

Explanation:

The business cycle typically consists of stages like expansion (or recovery), peak, recession, and trough. Stagnation is not a recognized stage of the standard business cycle. Recession, trough, expansion/recovery, and peak are all part of the business cycle's phases.

Answer:

B. Stagnation