Questions

Business cycles are identified as having four distinct phases:

1. Expansion,

2. Peak,

3. Contraction, and

4. 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.

It has been said that the creation of NASA was due to the space exploration race between the US and the Soviet Union. One of the drives to the creation of NASA is the launching of Sputnik on October 4, 1957.

Since then, further explorations have been made by the agency.

Rights guaranteed by law, is the best description of Civil liberties.

Civil liberties are also called as personal freedoms. They are personal guarantees and freedoms that the government cannot abridge, either by law or by judicial interpretation, without due process.

After all possiblle rearrangements, the only word with a meaning is ARCTIC fro the given given letters.

The act of formally approving something is known as Ratification.