A trough in the business cycle occurs when
A)cyclical unemployment is at a minimum point.
B)employment and output reach their lowest levels.
C)the natural rate of unemployment is at a minimum point.
D)the inflation rate is at its lowest level.

Question

Quizplus · Accepted Answer

A trough in the business cycle is characterized by the lowest levels of employment and output, marking the end of a recession before the economy begins to recover.

A Trough in the Business Cycle Occurs When