Answer : 3 economy moves from trough to peak Explanation : Answer: C) economy moves from trough to peak Explanation: Business cycles are identified as having four distinct phases:1. Expansion,2. Peak,3. Contraction, and4. Trough.Expansion is the phase of the business cycle when the economy moves from a trough to a peak. It is a period when the level of business activity surges and gross domestic product (GDP) expands until it reaches a peak. A period of expansion is also known as an economic recovery. An expansion is characterized by increasing employment, economic growth, and upward pressure on prices.
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