Asked by Cydni Walters on May 25, 2024
Verified
Troughs occur
A) two or three times a year.
B) two or three times in every business cycle.
C) at the bottom of business cycles.
D) about once every 25 years.
Business Cycle
The fluctuation in economic activity that an economy experiences over a period, characterized by periods of expansion and contraction.
Troughs
The low points in the economic cycle, characterized by reduced economic activity and lower levels of production and employment.
- Pinpoint and explicate the segments of the business cycle, encompassing expansion, peak, recession, and trough.
Verified Answer
AK
Aneesh KurianMay 31, 2024
Final Answer :
C
Explanation :
Troughs refer to the low points in business cycles, so they occur at the bottom of each cycle. They are not tied to a specific frequency, so choices A, B, and D are incorrect.
Learning Objectives
- Pinpoint and explicate the segments of the business cycle, encompassing expansion, peak, recession, and trough.