![A classmate wrote: There are four phases of the business cycle, the expansion, the peak, the contraction, and the trough. The expansion is the time when real GDP is rising, the peak A classmate wrote: There are four phases of the business cycle, the expansion, the peak, the contraction, and the trough. The expansion is the time when real GDP is rising, the peak](https://homework.study.com/cimages/multimages/16/business_cycle4642328194503499571.jpg)
A classmate wrote: There are four phases of the business cycle, the expansion, the peak, the contraction, and the trough. The expansion is the time when real GDP is rising, the peak
![Recession is a phase of a business cycle which goes through 4 phases - a peak, a downturn, a upturn and a boom.… | Stock market, Economy lessons, Investment banking Recession is a phase of a business cycle which goes through 4 phases - a peak, a downturn, a upturn and a boom.… | Stock market, Economy lessons, Investment banking](https://i.pinimg.com/originals/c8/bd/67/c8bd67772024e60d3dd9499c7c9bac68.jpg)
Recession is a phase of a business cycle which goes through 4 phases - a peak, a downturn, a upturn and a boom.… | Stock market, Economy lessons, Investment banking
![Business Cycle Showing Four Cycles With Phases Of Credit Cycle | PowerPoint Slide Templates Download | PPT Background Template | Presentation Slides Images Business Cycle Showing Four Cycles With Phases Of Credit Cycle | PowerPoint Slide Templates Download | PPT Background Template | Presentation Slides Images](https://www.slideteam.net/media/catalog/product/cache/1280x720/b/u/business_cycle_showing_four_cycles_with_phases_of_credit_cycle_Slide01.jpg)