the ____ phase in the business cycle is a period that marks the end of declining business activity.
What is the phase in the business cycle that marks the end of declining business activity?
Answer:
LectureNotes mentioned that the “trough” phase in the business cycle is a period that marks the end of declining business activity. The trough is the lowest point of economic output in the business cycle where the economy experiences a temporary contraction before moving towards a phase of recovery and expansion. At the trough, business activity is at its lowest, and from this point, the economy begins to move towards a period of growth and recovery, leading to the expansion phase of the business cycle.