Question

What are the names of the following events in a business​ cycle?

a. The high point of economic activity is called A. a peak. B. a trough. C. a high. D. a zenith.
b. The low point of economic activity is called A. a bottom. B. a low. C. a trough. D. a peak.
c. The period between the high point of economic activity and the following low point is called A. stagflation. B. inflation. C. an expansion. D. a recession.
d. The period between the low point of economic activity and the following high point is called A. an expansion. B. stagflation. C. an acceleration. D. inflation.

Answer 1

The high point of economic activity is called a peak

The low point of economic activity is called a trough

The period between the high point of economic activity and the following low point is called an expansion

The period between the low point of economic activity and the following high point is called an acceleration

Step-by-step explanation: