Stagnation is not one of the four stages of a business cycle. Option D is the right solution that we have to the question here.
When the Gross Domestic Product (GDP) fluctuates around its long-term natural growth rate, it is said to be in a business cycle. It shows how an economy changes through time, expanding and contracting in terms of economic activity.
An extended era of economic growth is always followed by an extended period of economic contraction. A business cycle includes four distinct phases that can be identified during its lifetime: expansion, peak, contraction, and trough.
The repeated economic shifts that occur in a nation over time are referred to as business cycles. It can be recognized by changes in the GDP and other macroeconomic indicators. The business cycle has four distinct phases: expansion, peak, contraction, and trough.
Read more on the business cycle here: https://brainly.com/question/26086110
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