Thị trường vốnCâu 342 / 398
Which sequence correctly lists the four phases of the business cycle?
a.Peak, expansion, trough, contraction
b.Contraction, trough, peak, expansion
c.Trough, contraction, expansion, peak
d.Expansion, peak, contraction, trough
Giải thích
The business cycle typically moves through expansion, peak, contraction, and trough before beginning a new expansion. Understanding these phases helps investors anticipate how different asset classes may perform as the economy shifts.
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