Match the given scenarios to the different phases in business cycle. Onyx Corp. has decided
to make long term
investments
The economy of the country
has recorded its highest
employment rate
Jewel Inc. has decided
to lay off some of its
employees
Jones family's purchasing
power is higher than ever
Onyx Corp. is hiring
workers for its factory
Jewels Inc.'s sales
have dipped
Expansion Phase
Peak Phase
Recession Phase