Multiple choice

The low point in the business cycle is referred to as the

  1. expansion

  2. boom

  3. trough

  4. peak

  5. none of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In the business cycle, the trough is the lowest point where economic activity is at its minimum before recovery begins. It represents the bottom of the cyclical downturn. Peak is the highest point, while expansion and boom refer to growth phases. The trough is specifically the low point or bottom of the cycle.

Keep practicing — related questions