The lowest point in the business cycle is referred to as the:

Related MCQs

• The trough of a business cycle occurs when hits its lowest point.
• 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
• 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
• Price rise in every second is referred as
• The term group equilibrium is referred to