Question Details

What term is used to describe the lowest point of a business cycle 



1) The low point of economic activity during a business cycle is called the
A) trough.
B) recession.
C) peak.
D) failure.

2) What term is used to describe the lowest point of a business cycle ?
A) peak
B) trough
C) expansion
D) recession

3) A trough is the
A) lower turning point of a business cycle when an expansion begins.
B) lower turning point of a business cycle when a recession begins.
C) upper turning point of a business cycle when an expansion begins.
D) upper turning point of a business cycle when a recession begins.
4) An expansion occurs when the level of real GDP is
A) increasing.
B) decreasing.
C) at a cyclical peak.
D) at a cyclical trough.
5) An expansion
A) follows a peak.
B) is defined as a period of negative real GDP growth.
C) comes just before a trough.
D) is defined as a period of real GDP increases.



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