Ruth Jerome 11/04/23 10:10 PM 7 Homework v Question 16, Text Problem 7-16 > HW Score: 0%, 0 of 16 points O Points: 0 of 1 Consider the diagram to the right in the next column. The line represents the economy's growth trend, V and the curve represents the economy's actual course of business fluctuations. For each part below, provide the letter label from the portion of the curve that corresponds to the associated term. The Business Cycle 100 a.) Using the point drawing tool, indicate a point on the curve that represents a contraction or recession. Label this point A. b.) Using the point drawing tool, indicate a point on the curve that represents a peak. Label this point B. c.) Using the point drawing tool, indicate a point on the curve that represents a trough. Label that point Level of national business activity d.) Using the point drawing tool, indicate a point on the curve that represents an expansion. Label that point D. Carefully follow the instructions above, and only draw the required objects. 100 Time