单选题 Which one of the following most accurately describes the normal sequence of a business cycle? A. Expansion, contraction, recessionary trough, and peak. B. Peak, contraction, expansion, and recessionary trough. C. Contraction, recessionary trough, expansion, and peak.

【正确答案】 C

【答案解析】The business cycle has four phases that normally occur in sequence: 1) peak , 2) contraction, 3) recessionary trough, and 4) expansion.