What term is used to describe the lowest point of a business cycle?
A) recession
B) peak
C) expansion
D) trough
Correct Answer:
Verified
Q229: When a recession ends, the turning point
Q230: A recession is commonly defined as occurring
Q231: An expansion ends when the economy
A) hits
Q232: An economic expansion rather than a recession
Q234: An economy recovering from a recession
A) moves
Q235: By common definition, a recession occurs when
A)
Q236: GDP decreases during
A) the movement from peak
Q237: An expansion
A) is defined as a period
Q238: The low point of economic activity during
Q240: The times during which real GDP increases
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