ames is deciding between a job as a mechanic and a pizza delivery man. the pizza delivery job pays more, but also takes up much more time. which of the following could be considered an opportunity cost of taking the pizza delivery job? james is deciding between a job as a mechanic and a pizza delivery man. the pizza delivery job pays more, but also takes up much more time. which of the following could be considered an opportunity cost of taking the pizza delivery job? there is no opportunity cost because the pay is higher the tips he would receive both b and c the higher wage the reduced free time

A business cycle typically comprises four phases: expansion, peak, contraction, and trough. Each phase of an economy occurs in the sequence listed.
Rising GDP, rising per capita income, declining unemployment, and usually robust performance of equities markets are indicators of economic expansion. Constriction begins when the expansionary stage is finished.
The peak phase is a representation of this. The GDP and per capita income decline the following year, as unemployment slightly rises and stock market indexes move down.
Typically, a declining economy is an indication of impending financial hardship. The abrupt collapse in the economy leads to increased unemployment.
Although no recession lasts forever, it can be difficult to gauge how long one will last before it recovers. An extended contraction could occur, as it did during the Great Depression.
Even while GDP is the primary measure used to assess the status of the economy and determine the stage of a business cycle, the general public is most impacted by the collateral consequences of contraction. Because there is less work available when productivity is poor, there is almost always an increase in unemployment and a decrease in incomes.

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