question archive A _____ (peak/trough) is the highest point before output decline, while the lowest point during the decline is known as a business or economic _____ (peak/trough)
A _____ (peak/trough) is the highest point before output decline, while the lowest point during the decline is known as a business or economic _____ (peak/trough)
Subject:EconomicsPrice:2.88 Bought3
A _____ (peak/trough) is the highest point before output decline, while the lowest point during the decline is known as a business or economic _____ (peak/trough).
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Answer: Peak, Trough
A peak of anything is it's highest point on a local level. A peak of a mountain is the highest point of that mountain. A trough is the lowest point between hills or some other geological feature. An example of a trough is a valley in between mountains. Thus, the peak of a business cycle is the highest point before output declines and a recession occurs. A trough is the lowest point of the recession and from then on GDP will climb.
