what is the highest part of expansion before it hits the peak? *\nrecession\nrecovery\nboom\nbust\nwhat is…

what is the highest part of expansion before it hits the peak? *\nrecession\nrecovery\nboom\nbust\nwhat is the difference between contraction and recession? *\na recession is a long contraction\na contraction is a long recession

what is the highest part of expansion before it hits the peak? *\nrecession\nrecovery\nboom\nbust\nwhat is the difference between contraction and recession? *\na recession is a long contraction\na contraction is a long recession

Answer

Brief Explanations:

In business - economics, the business cycle has phases. Expansion leads to a peak. The boom phase is the high - point of expansion before reaching the peak. For the second question, a recession is a significant and prolonged contraction in economic activity. A contraction is a general decline in economic activity, and a recession is a long - lasting and more severe form of contraction.

Answer:

  1. C. boom
  2. A. A recession is a long contraction