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 lowest part of contraction before it hits the trough? *\nrecession\nrecovery\nboom\nbust

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

Answer

Brief Explanations:

In business - cycle theory, the boom phase is the high - point of expansion just before the peak. The recession is part of the contraction phase. Recovery follows the trough and is part of expansion. Bust is a severe contraction. For the lowest part of contraction before the trough, it is the recession as it represents a significant decline in economic activity before hitting the bottom (trough).

Answer:

  1. C. boom
  2. A. recession