Asked by Abhishek Mehta on Mar 10, 2024
Verified
The trough occurs
A) at the peak of the business cycle.
B) at the bottom of the business cycle.
C) during the prosperity phase of the cycle.
D) more than twice in the same cycle.
E) only during depressions.
Trough
A Trough in economics is a phase in the business cycle where activity is at its lowest point, preceding a recovery and expansion phase.
Business Cycle
The Business Cycle is the fluctuation of economic activity that an economy experiences over a period of time, marked by phases of expansion and contraction.
- Familiarize yourself with the segments of the business cycle and their unique characteristics.
Verified Answer
AG
Austen GreggMar 10, 2024
Final Answer :
B
Explanation :
The trough occurs at the bottom of the business cycle, which marks the end of the period of contraction and signals the beginning of the period of expansion.
Learning Objectives
- Familiarize yourself with the segments of the business cycle and their unique characteristics.