PRC-3 · Chapter 15 · Question 36 of 44
The topmost point of a business cycle, characterized by factories operating at maximum capacity, practically zero unemployment, and severe inflationary pressure, is called the:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Peak / Boom
Explanation
The peak is the zenith of the business cycle expansion, where the economy is overheating and fully utilizing all resources.
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