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Define the term peak as it is used in economics. a. a point of an economic contraction b. the lowest point of an economic recession c. a steady depression d. the highest point o…

Define the term peak as it is used in economics. a. a point of an economic contraction b. the lowest point of an economic recession c. a steady depression d. the highest point o…
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Define the term peak as it is used in economics.

a. a point of an economic contraction
b. the lowest point of an economic recession
c. a steady depression
d. the highest point of an economic expansion

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User Sigug
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1 Answer

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Term peak as used in economics is the highest point of an economic expansion. Broadly speaking, it is the top of the cycle. Growth at its maximum also refers to peak. 
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User Brachi
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