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What happens in the business cycle after the economy hits a trough?
Wiki User
∙ 11y ago
recovery
Wiki User
∙ 11y ago
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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
True or false a expansion of the economy always follows a peak or boom?
The simple answer to this questions is False. In economics you learn the ideal of a business cycle, which is the layout for economic cycles. The cycle represents a wave in a visual representation. A peak or boom is the point at which the GDP is maximized; this is then followed by a recession where the GDP is in decline. To follow the recession you have a trough cycle, which is the point where GDP is minimized. To follow the trough you have a recovery cycle where the GDP is in incline to the point of the peak or boom. So to answer the question in an economic business cycle term an expansion follows a trough in the economy and actually leads to a peak or boom.
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.
At which point in a business cycle would you prefer to be the peak or the trough?
ATV the peak because the employment situation is better then at the trough
A trough in the business cycle occurs when.......?
Employment and output reach their lowest levels.
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.
Real GDP is not changing at all, unemployment is about 8%, and inflation is steady. Where in the business cycle is the economy?
trough
What is The phase of the business cycle in which real GDP is at a minimum?
the trough the trough the trough
True or false a expansion of the economy always follows a peak or boom?
The simple answer to this questions is False. In economics you learn the ideal of a business cycle, which is the layout for economic cycles. The cycle represents a wave in a visual representation. A peak or boom is the point at which the GDP is maximized; this is then followed by a recession where the GDP is in decline. To follow the recession you have a trough cycle, which is the point where GDP is minimized. To follow the trough you have a recovery cycle where the GDP is in incline to the point of the peak or boom. So to answer the question in an economic business cycle term an expansion follows a trough in the economy and actually leads to a peak or boom.
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 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
What is the average length of a business cycle?
average length from trough to trough of 46 months and standard deviation of 16 months.
At which point in a business cycle would you prefer to be the peak or the trough?
ATV the peak because the employment situation is better then at the trough
