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    Question

    In the business cycle, the phase where economic activity

    is at its lowest point is called:
    A Peak Correct Answer Incorrect Answer
    B Expansion Correct Answer Incorrect Answer
    C Trough Correct Answer Incorrect Answer
    D Recession Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The trough is the lowest turning point of the business cycle, after which recovery and expansion begin.

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