The Trough of a Business Cycle Refers to the Point

question 95

Multiple Choice

The trough of a business cycle refers to the point in time when _____.

• A)output stops declining and business activity is at its lowest point
• B)output starts increasing after a prolonged period of recession
• C)business activity is continuously increasing
• D)expansion comes to an end, and when output is at its highest point
• E)output and employment decline continuously

---

Definitions:

Nonparametric Test

A type of statistical test that does not assume a specific distribution for the data, often used when data doesn't meet the assumptions required for parametric tests.

Normally Distributed

Describes a probability distribution that is symmetrical around its mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Abnormally Distributed

Indicative of a probability distribution that does not follow a normal distribution pattern, potentially skewed or featuring heavy tails.

Un-standardized Test Statistic

A test statistic that has not been converted to a standard form, representing raw effect sizes or differences observed in data.