A trough in the business cycle occurs when:
A)cyclical unemployment is at a minimum point.
B)employment and output reach their lowest levels.
C)the natural rate of unemployment is at a minimum point.
D)structural and frictional unemployment are at their highest levels.

Question

Quizplus · Accepted Answer

A trough in the business cycle is the lowest point of a contraction phase, where output and employment levels reach their lowest before starting to recover.

A Trough in the Business Cycle Occurs When