A business cycle trough is a
A) small positive deviation from trend in real GDP.
B) relatively large positive deviation from trend in real GDP.
C) small negative deviation from trend in real GDP.
D) relatively large negative deviation from trend in real GDP.

Question

Quizplus · Accepted Answer

A business cycle trough refers to the low point of a business cycle, which is typically marked by a relatively large negative deviation from trend in real GDP.

A Business Cycle Trough Is a