The business cycle peak associated with the Great Recession

The business cycle peak associated with the Great Recession was in Select one: o a. December 2007 when the Great Recession started. o b. September 2008, when the Great Recession became very severe O c. June 2009, when the Great Recession ended. O d. November 2001 when the prior expansion started

Solution

\"A\"

December 2007 when the Great Recession started. The peak is the situation in the business cycle from where the downfall starts.

OPtion B is the recession, option C is trough and option D is expansion.