The Trough of the Business Cycle

question 67

Multiple Choice

The trough of the business cycle:

• A) comes right after the expansion phase.
• B) comes before the recession phase.
• C) is a temporary maximum level of real GDP.
• D) is a temporary minimum level of real GDP.

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Definitions:

Canoes

Lightweight narrow boats, typically pointed at both ends and open on top, propelled by one or more seated or kneeling paddlers facing the direction of travel using a single-bladed paddle.

Venn Diagram

A diagrammatic representation used to show all possible logical relations between a finite collection of different sets.

Venn Diagram

A diagram that shows all possible logical relations between a finite collection of different sets by using overlapping circles or other shapes.

Premises

Statements or propositions from which conclusions are logically derived in arguments.