Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction. ... Trough: The lowest turning point of a business cycle in which a contraction turns into an expansion. This turning point is also called Recovery.Jul 12, 2019
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Explanation:
Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction. ... Trough: The lowest turning point of a business cycle in which a contraction turns into an expansion. This turning point is also called Recovery.Jul 12, 2019
Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction
Trough: The lowest turning point of a business cycle in which a contraction turns into an expansion. This turning point is also called Recovery.