1. The Business Cycle
The phases include recession, trough, recovery or expansion, and peak. ... After this, the business cycle reaches it's fourth and final phase; its peak. ... In contrast to the trough, where it was the lowest that the businesses could fall on the cycle, the peak is the highest that they can reach. ... Once the businesses have reached their peak the cycle still doesn't end. ... After the peak, the cycle repeats itself, starting at the recession and working its way through to the peak again and again and again. ...
- Word Count: 841
- Approx Pages: 3
- Grade Level: High School