Such a point is usually referred to as a 'trough' in economics, due to the shape of a graph indicating the high and low points of an economy (typically by GDP, etc).
A recession is a low point in the economy. A depression is an extreme low point in the economy that lasts a long period of time. We are at a recession, in the 1930's their was a depression in the US.
This is usually called a recession.
The date at which a recession starts is called a peak.
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low unemployment
A recession is a low point in the economy. A depression is an extreme low point in the economy that lasts a long period of time. We are at a recession, in the 1930's their was a depression in the US.
This is usually called a recession.
This is usually called a recession.
The date at which a recession starts is called a peak.
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The low point of a wave is called the trough, which is the lowest point of a wave where the displacement is at its minimum. This is the point where the wave reaches its lowest value below the equilibrium level.
The low point of a mountain range is called a pass. In contrast, the high point is called a peak.
Its called the "trough"
low unemployment
It is called a recession. If it lasts longer than three of four years it is called a depression.
This is often called a recession.
pass