Examlex
All of the following statements are true EXCEPT:
Recovery Phase
A stage in the economic cycle where activity begins to increase again after a period of recession or depression, marked by rises in employment, consumer spending, and production.
Business Cycle
The cyclic phenomenon of economic expansion and contraction experienced by an economy over time.
Trough
A Trough in economics is a phase in the business cycle where activity is at its lowest point, preceding a recovery and expansion phase.
Business Cycle
The Business Cycle is the fluctuation of economic activity that an economy experiences over a period of time, marked by phases of expansion and contraction.
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