The phase of the business cycle during which economic activity hits its minimum level is the:
A) trough.
B) recession.
C) depression.
D) none of the above.

Name: The phase of the business cycle during which economic activity hits its minimum level is the: A) trough. B) recession. C) depression. D) none of the above.
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Question

Quizplus · Accepted Answer

The trough is the phase of the business cycle where economic activity is at its lowest point, before starting to rise again.

The Phase of the Business Cycle During Which Economic Activity