Answered: On a business cycle diagram, the trough…

On a business cycle diagram, the trough represents: a. An expansionary phase b. A contractionary phase c. The lowest point of economic activity d. The highest point of growth

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 2SQ

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Question

On a business cycle diagram, the trough represents:

An expansionary phase

A contractionary phase

The lowest point of economic activity

The highest point of growth

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