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The lowest part of a recession is referred to as its _________. a. Depression b. Boom c. Peak d. Trough

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 6SCQ: According to Table 19.7, how long has the average recession lasted since the end of World War II?

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Question

The lowest part of a recession is referred to as its _________.

Depression

Boom

Peak

Trough

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