The time from one economic peak to another economic peak (think roller coaster ride) is called the _____.
2 answers:
Answer: First option is correct.
Explanation:
The time from one economic peak to another economic peak is called the economic cycle.
Economic cycle is the business cycle, which is the downward and upward movement of gross domestic product in the long term.
It shows the fluctuations between the recession and expansion.
Hence, First option is correct.
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