A Trough in the Business Cycle Occurs When

question 105

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) The inflation rate is at its lowest level

---

Definitions:

Premium Tax Credit

A refundable credit that helps eligible individuals and families with low to moderate income afford health insurance purchased through the Health Insurance Marketplace.

SLCSP Premium

Stands for the Second Lowest Cost Silver Plan, which is a reference point used to calculate health insurance premium tax credits under the Affordable Care Act.

Household Income

The combined gross income of all members of a household, typically measured to understand the economic status or to qualify for various programs or loans.

Child and Dependent

Refers to individuals for whom a taxpayer can claim a dependency exemption.