Question

Which point of the business cycle represents a peak? b c d e

Answer 1

The correct answer is A. Consumption reaches its highest point, and then supply begins to fall.

Various economic indicators reach their highest point in the peak month, which is followed by a sharp fall in economic activity. Similar events occur when economic activity reaches a low point and then gradually picks up again. The final month before numerous important economic indicators, such as employment and new housing starts, start to decline, is referred to be the cycle's peak. Real GDP spending is now at its highest position in the economy. Approximately or roughly at the same time as the economy, coincident indicators move or change (i.e. these indicators rise as aggregate economic activity rises and fall as aggregate economic activity falls). The economy enters the peak phase when it reaches its highest level of output, which marks the end of the growth.

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Complete Question:

Which point of the business cycle represents a peak? b c d e

The business cycle figure is attached.