The low point of economic activity prior to the beginning of a recovery is called the

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The low point of economic activity is referred to as the trough. This is the point at which the economy is at its lowest and begins to recover, with an increase in economic activity leading to the expansion phase. A depression is a prolonged period of economic decline characterized by high unemployment and falling output. A peak is the highest point of economic activity before a decline, while a boom is a period of rapid economic growth.

The Low Point of Economic Activity Prior to the Beginning