Question 8. A business cycle reflects changes in economic activity, particularly real GDP. The stages of a business cycle are: a) expansion, trough, recession, peak b) trough, expansion, recession, peak c) contraction, recession, expansion, boom d) expansion, peak, recession, trough

Question 8. A business cycle reflects changes in economic activity, particularly real GDP. The stages of a business cycle are:
a) expansion, trough, recession, peak
b) trough, expansion, recession, peak
c) contraction, recession, expansion, boom
d) expansion, peak, recession, trough

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