A trough in the context of business cycles is indeed the lowest point reached before an economy begins to recover and expand again. It marks the end of a recession or contraction phase and the beginning of an expansion or recovery phase.

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A Trough Is the

Question 235

Multiple Choice

A trough is the

A) lower turning point of a business cycle when an expansion begins.
B) lower turning point of a business cycle when a recession begins.
C) upper turning point of a business cycle when an expansion begins.
D) upper turning point of a business cycle when a recession begins.

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