The lowest level of economic activity is called            

Related MCQs

• When aggregate economic activity is increasing, the economy is said to be in:
• When aggregate economic activity is declining, the economy is said to be in:
• The trough of a business cycle occurs when hits its lowest point.
• The lowest point in the business cycle is referred to as the:
• The period of economic downturn that ensued after the financial crisis of 2007-08 and affected many countries world-wide is called:
• Economic Survey in India is published by the
• The curve which relates the level of income with the rate of interest which is determined by money- market equilibrium corresponding to different levels of demand for money is known as
• Fall in the level of investments, fall in production, fall in employment, fall stock prices, etc. are found during phase of business cycle.
• A temporary unemployment which exists during the period of the transfer of labor from one occupation to another is called
• When more workers are engaged in a work than actually required to work, it is called