A period of economic growth that follows the lowest point in a business cycle is called a(n) _____.A.peakB.contractionC.expansionD.trough
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Solution 1
The answer is C. expansion. After the lowest point in a business cycle, which is known as a trough, the economy begins to recover and grow. This period of growth is referred to as an expansion. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem
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