In reference to short-term economic fluctuations, the "trough" refers to:
A. the low point of economic activity prior to a downturn.
B. the low point of economic activity prior to a recovery.
C. a period in which the economy is growing at a rate significantly below normal.
D. a particularly strong and protracted recession.
Answer: B
Economics
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a. True b. False Indicate whether the statement is true or false
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If in a system of fixed exchange rates the dollar price of euros is above the market equilibrium level:
A. gold will flow from the United States to Europe. B. there will be a surplus of euros. C. the U.S. government will have to ration euros to U.S. importers. D. there will be a shortage of euros.
Economics