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Question 1

The Business Cycle is the pattern of ups and downs in our economy. Match each time period with the correct phase:

1. Peak
2. Recession
3. Trough
4. Expansion

A. The Roaring Twenties
B. The Great Depression
C. June 2009 (in hindsight)
D. The World War 2 Era

Sagot :

GinnyAnswer

Final answer:

The Business Cycle phases include Peak, Recession, and Trough, with historical examples like The Great Depression and June 2009 recession.


Explanation:

Business Cycle Phases:

  1. Peak: Highest point of economy before recession.
  2. Recession: Period of economic decline.
  3. Trough: Lowest point before recovery.

The Great Depression was a severe downturn, while June 2009 marked the end of the Great Recession, leading into an expansion period.


Learn more about Business Cycle phases here:

https://brainly.com/question/30167425


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