Question

Peak and valley are the two distinct phases of a business cycle. true or false

Answer 1

False. Recession and expansion are the two distinct phases of a business cycle.

Step-by-step explanation:

Answer 2

False.

Step-by-step explanation:

• The business cycle is also known as the Economic or the trade cycle.
• The business cycle is the upward or the downward movement of the GDP around its growth in the long term.
• A business cycle usually has four distinct phases known as - expansion, peak, contraction and trough.
• The growth rate of real GDP is the instrumental tool for measuring the business cycles.