A Trough in the Business Cycle Occurs When

question 137

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)structural and frictional unemployment are at their highest levels.

---

Definitions:

Business Profits

The financial gain made by a business, which is the excess of revenues over expenses.

Partners

Individuals or entities that collaborate in a business venture, sharing both the risks and rewards associated with the business.

Income

Income is the money an individual or business receives in exchange for providing labor, producing goods, or investing capital.

Public Entertainment

Events or performances made available to the general population, including festivals, movies, and live music, intended for amusement and leisure.