In a business cycle, the end of a recession is represented by
A) a peak.
B) a trough.
C) a depression.
D) an inflation.

Question

Quizplus · Accepted Answer

A trough is the lowest point of a business cycle, and represents the end of a recession. A peak is the highest point of a business cycle, and marks the end of an expansion. A depression refers to a severe and prolonged recession. Inflation is a general increase in prices of goods and services over time.

In a Business Cycle, the End of a Recession Is