What is a trough in the business cycle?
Understand the Problem
The question is asking for an explanation of what a 'trough' is in the context of the business cycle. This involves defining the term and describing its significance in economic trends over time.
Answer
The lowest point in a business cycle, marking the end of a recession and the beginning of an expansion.
The final answer is that a trough is the lowest point in a business cycle, marking the end of a recession and the beginning of an expansion.
Answer for screen readers
The final answer is that a trough is the lowest point in a business cycle, marking the end of a recession and the beginning of an expansion.
More Information
A trough signifies the lowest point in economic activity in a business cycle and indicates a transition phase from a period of recession to one of economic recovery and expansion.
Sources
- What Is the Trough in the Business Cycle? - The Balance - thebalancemoney.com
- What is a Business Cycle? Expansion, Peak, Contraction, and Trough - peakframeworks.com
- Definition of a Trough (Business Cycle) - Higher Rock Education - higherrockeducation.org
Thank you for voting!
