PRC-3 · Chapter 15 · Question 29 of 44
Which of the following is the correct chronological sequence of a standard business cycle?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Recovery, Boom, Recession, Depression
Explanation
A standard cycle starts with an expansion (Recovery), hits a peak (Boom), declines (Recession), bottoms out (Depression/Trough), and begins Recovery again.
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