the economy hits bottom
the trough the trough the trough
The lowest point in a business cycle, the point at which the economy begins to rebound.
When the GDP stops falling, the business cycle is a trough.
recovery
Are peak, recession,trough, and expansion
When the GDP stops falling, the business cycle is a trough.
When the GDP stops falling, the business cycle is a trough.
Expansion, Recession, Trough, Recovery
ATV the peak because the employment situation is better then at the trough
average length from trough to trough of 46 months and standard deviation of 16 months.
Expansion, Peak, Contraction, and Trough (recession)
Employment and output reach their lowest levels.