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In a business cycle, a trough represents the end of • a recession. O a peak O an inflation. O an expansion.
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Question
In a business cycle, a trough represents the end of
• a recession.
O a peak
O an inflation.
O an expansion.
Answer
A recession.
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A trough in a business cycle represents the end of a recession, which is a period of declining economic activity. A peak represents the highest point of economic...
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