What term is used to describe the lowest point of a business cycle?
A) peak
B) trough
C) expansion
D) recession

Name: What term is used to describe the lowest point of a business cycle? A) peak B) trough C) expansion D) recession
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Question

Quizplus · Accepted Answer

The term "trough" is used to describe the lowest point of a business cycle, indicating the end of a recession or contraction phase and the beginning of an expansion or recovery phase.

What Term Is Used to Describe the Lowest Point of a Business