In a business cycle, a peak occurs when:
A. a period of economic decline reaches its lowest point.
B. the economy slows down following a period of growth.
c. the economy begins to show growth in key economic indicators.
D. a period of economic growth reaches its highest point.

A peak is the highest point between the end of an economic expansion and the start of a contraction in a business cycle. The peak of the cycle refers to the last month before several key economic indicators, such as employment and new housing starts, begin to fall.

What causes a peak in the business cycle?

The peak phase occurs when the economy reaches its maximum productive output, signaling the end of the expansion. After this point, once employment numbers and housing starts begin to decline, leading to a contractionary phase begins.

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In a business cycle, a peak occurs when: A. a period of economic decline reaches its lowest point. B. the economy slows down following a period of growth. c. the economy begins to show growth in key economic indicators. D. a period of economic growth reaches its highest point.

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What is a peak?

What causes a peak in the business cycle?

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In a business cycle, a peak occurs when:
A. a period of economic decline reaches its lowest point.
B. the economy slows down following a period of growth.
c. the economy begins to show growth in key economic indicators.
D. a period of economic growth reaches its highest point.