The Point on a Business Cycle When Real GDP Stops

question 97

Multiple Choice

The point on a business cycle when real GDP stops falling and begins rising is called a(n) :

• A) trough.
• B) recession.
• C) peak.
• D) expansion.

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Definitions:

Governmental Deviance

Refers to actions or policies by government entities or representatives that go against the moral, ethical, or legal standards expected of them.

Causes

The reasons or explanations behind an event, situation, or condition's occurrence.

White-Collar Criminals

Individuals who commit non-violent crimes for financial gain, often within their employment or financial sectors.

Blue-Collar Criminals

Individuals who commit crimes related to their manual labor occupations or economic status, contrasting with white-collar crimes committed by those in higher socioeconomic positions.