The correct answer is C) rising unemployment: recovery phase.
<em>All of the following are correctly paired with their phase of the business cycle EXCEPT "rising unemployment: recovery phase.</em>
In financial terms, a business cycle is the different states of fluctuation in the Gross Domestic Product GDP) as a growing process that has its peak and its downturn. It is a way that economic activity can be explained through its expansion and contraction. Some authors consider that there are four stages, others, six. But the classical business cycle comprises an expansion period, a peak, a recession, a depression, trough, and recovery.
colonists thought that they should not pay taxes, because they were passed in England by Parliament. They protested, saying that these taxes violated their rights as British citizens. The colonists started to resist by boycotting, or not buying, British goods.
