Answer to Question #94457 in Macroeconomics for Nomthandazo

Question

in the business cycle, the recession phase is followed by a/an..

(1) upswing
(2) trough
(3) downswing
(4) peak

Answer 1

Each business cycle has four phases. They are expansion, peak, recession, depression, trough and recovery. Therefore, the recession is followed by downswing. Answer : 3