Question

expansion, peak, recession, and trough are all periods of the _____________

Answer 1

The Economic Cycle.
An economy when graphed will essentially look like a wave. It may not be perfect, as there will be different size expansions and contractions/recessions.
Expansions is when the market is doing well or correcting from a recession. The Peak is the highest point that specific economic period can achieve. From there, the market will enter a Recession or Contraction where it goes down. It’s Trough is the lowest point that the contraction will reach.

Answer 2

Expansion, peak, recession, and trough are all periods of the Economic Cycle.

What is the economic cycle?

The economic cycle or the business cycle is the economic fluctuations between expansion (growth) and contraction (recession).

Economic expansion or growth is the period when the economy is increasingly robust with almost full employment and positive GDP growth and increasing output.

However, expansion attains a peak when the economy can no longer grow but starts dipping down or experiencing recession before it reaches the trough (bottom).  From the trough, the economic cycle is repeated, starting with expansion.

Thus, expansion, peak, recession, and trough are all periods of the Economic Cycle.

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