Question

your friend asked you what a business cycle means. you tell them that a business cycle reflects changes in real gdp. then you tell them that the stages of a business cycle in correct order are:
select one:
a. recession, peak, trough, expansion
b. expansion, trough, recession, peak.
c. trough, expansion, recession, peak.
d. expansion, peak, recession, trough.

Explanation:

A business cycle starts with an expansion (economic growth), reaches a peak (highest point of growth), then enters a recession (economic decline), and finally hits a trough (lowest point of decline). This is the standard sequence of a business cycle.

Answer:

d. expansion, peak, recession, trough.