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 occurs when employment and output reach their lowest levels. This is typically a period of economic contraction, with high levels of unemployment and low levels of economic activity.

A Trough in the Business Cycle Occurs When