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What is The phase of the business cycle in which real GDP is at a minimum?
the trough the trough the trough
Which point in the business cycle occurs when economic activity goes to positive to negative and and expansion turns into a recession?
Trough A+
What word describes the phase of a business cycle that occurs after a trough and before a peak?
The phase of a business cycle that occurs after a trough and before a peak is called an "expansion." During this phase, economic activity increases, characterized by rising GDP, employment, and consumer spending. Expansion reflects a recovery from the previous downturn, leading to growth and increased business confidence.
Which point in the business cycle occurs when economic activity goes from a positive to negative and an expansion turns into a recession?
Trough A+
What happens in the business cycle after the economy hits a trough?
recovery
What is The phase of the business cycle in which real GDP is at a minimum?
the trough the trough the trough
Which point in the business cycle occurs when economic activity goes to positive to negative and and expansion turns into a recession?
Trough A+
What word describes the phase of a business cycle that occurs after a trough and before a peak?
The phase of a business cycle that occurs after a trough and before a peak is called an "expansion." During this phase, economic activity increases, characterized by rising GDP, employment, and consumer spending. Expansion reflects a recovery from the previous downturn, leading to growth and increased business confidence.
Which point in the business cycle occurs when economic activity goes from a positive to negative and an expansion turns into a recession?
Trough A+
Trough (business cycle)?
the economy hits bottom
What is a trough period of business cycle?
The lowest point in a business cycle, the point at which the economy begins to rebound.
What is the stage in a business cycle when real GDP stops falling?
When the GDP stops falling, the business cycle is a trough.
What happens in the business cycle after the economy hits a trough?
recovery
What are fours phases of the business cycle?
Are peak, recession,trough, and expansion
What is the stage in a business cycle called when real GDP stops falling?
When the GDP stops falling, the business cycle is a trough.
What is the stage in business cycle called when real GDP stops falling?
When the GDP stops falling, the business cycle is a trough.
What are the 4 phases of the business cycle?
Expansion, Recession, Trough, Recovery
