A Trough in the Business Cycle Occurs When

question 137

Multiple Choice

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.

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Definitions:

Census Family

A concept used in census data collection defined as a group of two or more persons living together who are related by blood, marriage, common-law partnership, or adoption.

Conjugal Family

A family unit that consists of partners, with or without children, living together and sharing a life-long partnership.

Family of Orientation

The family into which an individual is born or adopted, influencing early socialization and development.

Lone-Parent Families

Households headed by a single parent, who is responsible for raising children without the assistance of the other parent.