Question

Business Cycles can be divided between the ________, the maximum points of economic activity, and the troughs, the lowest points of business activity.

Answer 1

Answer:

Peaks

Explanation:

In a business cycle, which comprises of a series of high economic activity periods and low economic activity periods, the maximum points of economic activities are called peaks while the lowest points are called troughs.

At peak economic activity, GDP growth is usually the highest in the business cycle and is accompanied by very high employment rate.