Question

The time from one economic peak to another economic peak (think roller coaster ride) is called the _____.

Answer 1

The time from one economic peak to another economic peak is called an Economic Cycle.

An Economic Cycle is the constant change of the economy between periods of growth, known as expansion, and periods of recession, known as contraction.

When not affected by external factors, a business cycle goes through three stages, expansion, peak, recession and recovery.

This cycle is also knows as a trade cycle or a business cycle.