A Trough Is

question 23

Multiple Choice

A trough is

• A) a transition from an expansion in the business cycle to the start of a contraction.
• B) a transition from a contraction in the business cycle to the start of an expansion.
• C) a depression that lasts more than three years.
• D) only something used by farmers to feed pigs and not an investment term.

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Definitions:

Management Attitude

The disposition, outlook, or approach that the management of a company or organization holds towards its operations, employees, and business strategies.

Work Efforts

The amount of physical or mental energy applied by an individual in completing tasks or responsibilities at their job.

External Equity

Refers to an organization’s compensation strategy being competitive with what other employers offer for similar jobs in the market.

Wage Curve

A graphical representation showing the relationship between the wage rate and the level of unemployment in an economy.