Statement I: The recovery phase of the cycle always follows the recessionary phase.
Statement II: The trough is the low point of the business cycle.

Question

Quizplus · Accepted Answer

Statement I is true as the recovery phase always follows the recessionary phase. Statement II is also true as the trough is the lowest point of the business cycle where the economic activities reach their lowest level.

Statement I: the Recovery Phase of the Cycle Always Follows