单选题 ff the economy is just beginning to come out of a recession, which of the following would represent a typical sequence of phases in the business cycle?

A. Expansion, business peak, contraction, recessionary trough.
B. Expansion, business peak, recessionary trough, contraction.
C. Depression, expansion, business peak, contraction.

【正确答案】 A

【答案解析】If the economy is just beginning to come out of a recession, a period of expansion is beginning. In a typical business cycle, this will be followed by a business peak, and a period of contraction, leading to the next recessionary trough. This would complete one cycle from the time of the last recession. C is not appropriate since the question says that the economy is coming out of a recession. This suggests that the economy is getting better, not worse.