ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A brand new product
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A broken product
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An expensive product
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A severely outdated product
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Detailed explanation-1: -Which of the following is a cause of a trough? A severely outdated product.
Detailed explanation-2: -The trough is the bottom of the recession period, unemployment is at its highest, inflation is low. 4. expansion (recovery) is when output is increasing, unemployment begins to fall and later inflation begins to rise.
Detailed explanation-3: -A trough is marked by conditions like higher unemployment, layoffs, declining business sales and earnings, and lower credit availability.
Detailed explanation-4: -Illustrations of U.S Economic Troughs Before the Great Recession started, the US GDP reached its peak volume at $14.99 trillion its highest in history and then started declining steadily, till it bottomed out at $14.36 trillion in June 2007.