The phase of the business cycle at which real domestic output is at minimum during a cycle is called:_______

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06-09-2022
Business

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The phase of the business cycle at which real domestic output is at minimum during a cycle is called:_______

Sagot :

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Okpalawalter8idn Okpalawalter8idn · Answer 1 · 2022-09-16T07:06:51-04:00

The phase of the business cycle at which real domestic output is at a minimum during a cycle is called the trough

This is further explained below.

What is the business cycle?

Generally, The term "business cycle" refers to the persistent upswings and downswings in broad indices of economic activity, such as production, employment, income, and sales.

Business cycles may last for a number of years. The expansionary and contractive stages of the business cycle are the phases that alternate with the other.

In conclusion, The trough is the point in the economic cycle that marks the point at which real domestic production has fallen to its lowest point during that particular cycle.

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What is the business cycle?

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