MANAGEMENT

Detailed explanation-1: -The recovery phase is when the economy hits its trough, bottoms out, and begins the cycle anew.

Detailed explanation-2: -Trough. In the depression stage, the economy’s growth rate becomes negative. There is further decline until the prices of factors, as well as the demand and supply of goods and services, contract to reach their lowest point. The economy eventually reaches the trough.

Detailed explanation-3: -In this phase, the growth slows down and unemployment increases. Trough: The contraction then hits the trough point, and it is at this time that the Economy has its bottom.

Detailed explanation-4: -Measuring and Dating Business Cycles An expansion begins at the trough (or bottom) of a business cycle and continues until the next peak, while a recession starts at that peak and continues until the following trough.