Recessions begin at ______ and end at _____.

Question

Quizplus · Accepted Answer

Recessions are characterized by a significant decline in economic activity, measured by indicators such as GDP, employment, and industrial production. Generally, a recession begins at the peak (highest point) of the business cycle and ends at the trough (lowest point) when the economy starts to recover. Therefore, the correct answer is C, a peak and a trough. A and D are incorrect because unemployment rate and inflation rate are just some indicators of economic activity and are not the determinants of the beginning and end of a recession. B is also incorrect because recessions do not end at the lowest unemployment rate; they end when the economy starts to recover from the lowest point of economic activity.

Recessions Begin at ______ and End at _____

Recessions Begin at __ and End at _