Which of the following phases of a business cycle are marked by an underuse of resources?

Which of the following phases of a business cycle are marked by an underuse of resources?

1) The trough.

2) The peak.

3) The recovery.

4) The recession.
A . 1 and 3 only
B . 1 and 4 only
C . 2 and 3 only
D . 2 and 4 only

View Answer

Answer: B