PRC-3 · Chapter 15 · Question 7 of 44
Which of the following describes the correct chronological sequence of a standard business cycle?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Recovery, Boom, Recession, Depression
Explanation
A standard cycle starts with an upturn (Recovery) peaking at a Boom, turning downward into a Recession, hitting the bottom at a Depression/Trough, and then starting the Recovery again.
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