what word describes the phase of a business cycle that occurs after a trough and before a peak? a lag b…

Brief Explanations:

In a business cycle, after the lowest - point (trough), economic activity starts to grow until it reaches the highest - point (peak). This growth phase is known as expansion. A lag is a time delay, contraction is the phase after a peak and before a trough, recession is a significant decline in economic activity, and consolidation is not the term for the phase between trough and peak.

Answer:

C. expansion