Question

In reference to short-term economic fluctuations, the "trough" refers to:

A. the low point of economic activity prior to a recovery.

B. the low point of economic activity prior to a downturn.

C. a period in which the economy is growing at a rate significantly below normal.

D. a particularly strong and protracted recession.

Answer 1

The "trough" in reference to short-term economic fluctuations is the low point of economic activity prior to a recovery.

Step-by-step explanation:

The "trough" in reference to short-term economic fluctuations is the low point of economic activity prior to a recovery. It marks the end of a recession and the beginning of an economic upswing. For example, during the most recent recession caused by the COVID-19 pandemic, the trough was reached in May 2020.