Employment and output reach their lowest levels.
the trough the trough the trough
Trough A+
Trough A+
recovery
When the GDP stops falling, the business cycle is a trough.
the trough the trough the trough
Trough A+
Trough A+
the economy hits bottom
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