Question

The beginning of a recession is called the:

A. trough.
B. peak.
C. depression.
D. expansion.

Answer 1

A recession is the contraction phase of the business cycle, beginning after the economy reaches a peak and ending at the trough.

Step-by-step explanation:

A recession is the contraction phase of the business cycle. It begins after the economy reaches a peak of activity and ends as the economy reaches its trough. The movement of the economy from peak to trough and trough to peak is called the business cycle. A depression is an especially lengthy and deep recession.