The low point in the business cycle is referred to as the
A)contraction.
B)recession.
C)trough.
D)depression.

Question

Quizplus · Accepted Answer

The low point in the business cycle is called the trough. While contraction and recession also suggest a slowdown in the economy, they do not specifically refer to the lowest point in the cycle. Depression is a severe and prolonged downturn that goes beyond a normal business cycle, and is not the same as the low point in the cycle.

The Low Point in the Business Cycle Is Referred to as the