B4renett3ykenzer B4renett3ykenzer

23-06-2016
Business

Answered

Define the term peak as it is used in economics.

Aa point of an economic contraction
Bthe lowest point of an economic recession
Ca steady depression
Dthe highest point of an economic expansion

Verified Answer :

meerkat18 meerkat18

23-06-2016

Term peak as used in economics is the highest point of an economic expansion. Broadly speaking, it is the top of the cycle. Growth at its maximum also refers to peak.

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