Looking at the business cycle, the low point of real GDP, just before it begins to turn up, is called the recession.

Name: Looking at the business cycle, the low point of real GDP, just before it begins to turn up, is called the recession.
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The low point of real GDP, just before it begins to turn up, is called the trough, not the recession. A recession is a period of economic decline, typically identified by a fall in GDP in two successive quarters.

Looking at the Business Cycle, the Low Point of Real