If the economy is just coming out of a recession, which one of the following would represent a typical sequence of phases in the business cycle()
A. Expansion, business peak, contraction, recession.
B. Expansion, business peak, recession, contraction.
C. Depression, expansion, business peak, contraction.
参考答案:A
解析:
If the economy is coming out of a recession, a period of expansion will begin. In a typical business cycle, this will be followed by a business peak, a period of contraction, and then a period of recession. This would complete one cycle from the time of the last recession. C and D are not appropriate since the question says that the economy is coming out of a recession. This suggests that the economy is getting better, not worse.