In reference to short-term economic fluctuations, the "trough" refers to:
A)a period in which the economy is growing at a rate significantly below normal.
B)the low point of economic activity prior to a downturn.
C)the low point of economic activity prior to a recovery.
D)a particularly strong and protracted recession.

Question

Quizplus · Accepted Answer

The trough of a business cycle is the end of a recession (the low point of economic activity prior to a recovery)and the beginning of an expansion.

In Reference to Short-Term Economic Fluctuations, the "Trough" Refers To