The trough of a business cycle occurs when hits its lowest point.

Related MCQs

• The lowest point in the business cycle is referred to as the:
• Peak is the --- turning point of the business cycle.
• Free entry into monopolistically competitive market ensures that all firms will produce at the lowest point of LAC
• A monopolist produces 14,000 units of output and charges Rs.14 per unit. Its marginal revenue is Rs.8, its marginal cost is Rs.7 and rising, its average total cost is Rs.10, and its average variable cost is Rs.9. The monopolist should
• The best, or optimum, level of output for the pure monopolist occurs at the point where
• In business cycle, depression is followed by:
• A business cycle is composed of ----- phases:
• Peaks and troughs of the business cycle are known collectively as:
• Break-even point is a point where price is equal to
• Shut-down point is a point where price is equal to