Question

The lowest level of economic activity is called

Answer 1

The lowest level of economic activity is called trough.

• Economic growth can be described as a process which increases wealth or production of goods for a country.
• There are four basic phases of economic activity out of which trough is the lowest level.
• Trough is the level where the economic output is lowest and unemployment is at its peak.
• Other options, such as 'recovery' is not correct as recovery level tries to improve the economic output after trough.

The question is not complete. The complete question is:

The lowest level of economic activity is called _____

a)contraction

b)trough

c)recovery

d)none of the above

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