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In Reference to Short-Term Economic Fluctuations, the "Trough" Refers To

Question 7

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


A) a period in which the economy is growing at a rate significantly below normal.
B) the low point of economic activity prior to a downturn.
C) the low point of economic activity prior to a recovery.
D) a particularly strong and protracted recession.

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