问题如下：
An analyst writes in an economic report that the current phase of the business cycle is characterized by accelerating inflationary pressures and borrowing by companies. The analyst is most likely referring to the:
选项：
A.peak of the business cycle.
B.contraction phase of the business cycle.
C.early expansion phase of the business cycle.
解释：
A is correct.
Accelerating inflation and rapidly expanding capital expenditures typically characterize the peak of the business cycle. During such times, many businesses finance their capital expenditures with debt to expand their production capacity.
考点：Business Cycle Characteristics
解析：加速的通胀以及融资借贷扩大生产规模都是经济基本运行到顶点的标志，所以本题选A.
老师，peak时期不是应该投资增长放缓，而不应是加速增长的状态么？
