Question

The point of a fluctuation at which an economy turns from a recession to an expansion is called a ________.

Answer 1

The answer is trough. In economics, it is a low decision point or a local minimum of a business cycle. The time fruition of many variables of economics display a wave like performance with local maxima or also known as peaks subsequent to local minima or troughs. A business cycle may be demarcated as the period between two successive peaks.