trough inEconomics topic From Longman Dictionary of Contemporary English trough/trɒf$trɒːf/noun[countable]1containera longnarrowopencontainerthat holds water or food foranimalsa horse trough2low pointa shortperiodoflowactivity, lowpricesetcOPPpeaktrough ofThe graph showed peaks and troughs of...
A trough, in economics, is the point in the business cycle between the end of a recession and the transition to accelerating GDP (gross domestic product) growth. Economists say that the business cycle goes through four main stages: 1. Expansion. 2. Peak. 3. Contraction. 4. Trough. In ...
7. (Economics) economics the lowest point or most depressed stage of the trade cycle vb (intr) informal to eat, consume, or take greedily [Old English trōh; related to Old Saxon, Old Norse trog trough, Dutch trügge ladle] ˈtroughˌlike adj Collins English Dictionary – Complete and...
Expansion is the phase of the business cycle wherereal gross domestic product (real GDP)grows for two or more consecutive quarters, moving from a trough to a peak. Expansion is typically accompanied by a rise in employment, consumer confidence, and equity markets and is also referred to as an...
An economic cycle is the overall state of the economy as it goes through four stages in a cyclical pattern: expansion, peak, contraction, and trough. Factors such as GDP, interest rates, total employment, and consumer spending can help determine the current stage of the economic cycle. ...
c.The motion of celestial objects away from one another in an expanding universe. 2.A significant period of economic decline from the peak to the trough of a business cycle, characterized by decreasing aggregate output and often by rising unemployment. ...
real inEconomics topic From Longman Dictionary of Contemporary Englishreal1/rɪəl/●●●S1W1adjective1importantsomething that is real exists and is importantThere is a real danger that the disease might spread.We need to tackle the real problems of unemployment and poverty.There isno realrea...
What are the 4 phases of the business cycle? The business cycle occurs in four phases. The four phases are expansion, recession/contraction, peak, and trough. The peak and trough are termed the turning points of the cycle. Economics 102: Macroeconomics ...
individuals,businesses, andgovernmentsmake. Unit1DefinitionofEconomics 1.1DEFINITIONSANDQUESTIONS MacroeconomicQuestions Thethreebigissuesthatmacroeconomicstriesto understandare: •Thestandardofliving •Thecostofliving •Economicfluctuations—recessionsand expansions Unit1DefinitionofEconomics 1.1DEFINITIONSANDQUESTIONS...
Learn the business cycle definition and understand how it works. Study the parts of the business cycle in economics: expansion, peak, recession, and trough.Updated: 11/21/2023 What is the Business Cycle in Economics? What isbusiness cycle? An economy depicts growth in regular patterns with per...