The turning points of the cycle are called the peak, which is at the end of the expansion phase, and the trough, which is at the end of the contraction phase.
When the GDP stops falling, the business cycle is a trough.
boom A+
recession
the business cycle
Fiscal policy
When the GDP stops falling, the business cycle is a trough.
When the GDP stops falling, the business cycle is a trough.
Business Cycle.
Wavelength
The business cycle
boom A+
Wavelength
The distance between corresponding points on a wave cycle is called the wavelength. It is typically measured as the distance between two consecutive peaks or troughs of a wave.
recession
the business cycle
Cyclical unemployment
Fiscal policy