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:

Operating Restrictions

Regulations or limitations imposed on businesses concerning their operations, which can include hours of operation, types of services offered, and environmental regulations.

Intrapreneurs

Those innovating for change inside large organisations, such as corporate multinationals.

Profitable New Products

Goods or services newly introduced to the market that generate earnings exceeding their cost of production and marketing.

New Venture Creation

The process of designing, launching, and running a new business or startup.