The trough of a business cycle refers to the point in time when _____.
A)output stops declining and business activity is at its lowest point
B)output starts increasing after a prolonged period of recession
C)business activity is continuously increasing
D)expansion comes to an end, and when output is at its highest point
E)output and employment decline continuously

Question

Quizplus · Accepted Answer

The trough of a business cycle refers to the lowest point of business activity, where output has stopped declining and is at its lowest point. This is the point where the economy has hit rock bottom and is ready to begin the next phase of recovery.

The Trough of a Business Cycle Refers to the Point