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In economics, a trough is a low turning point or a local minimum of a business cycle. The time evolution of many economics variables exhibits a wave-like behavior with local maxima (peaks) followed by local minima (troughs). A business cycle may be defined as the period between two consecutive peaks. [1] [2]
From the trough of the recession of 1945 to the late-2000s recession, there have been eleven periods of expansion, lasting an average of fifty-nine months. [ 1 ] Included during this period is the post–World War II economic expansion through the 1973–75 recession , a period of stagflation between 1974 and 1981, and the Great Moderation from ...
The problem of how business cycles come about is therefore inseparable from the problem of how a capitalist economy functions. In the United States, it is generally accepted that the National Bureau of Economic Research (NBER) is the final arbiter of the dates of the peaks and troughs of the business cycle. An expansion is the period from a ...
It is a period of economic growth as measured (for example) by a rise in real GDP. [1] [failed verification] [2] The explanation of fluctuations in aggregate economic activity between economic expansions and contractions ("booms" and "busts" within the "business cycle") is one of the primary concerns of macroeconomics. [3]
The reference dates of the United States' business cycles are determined by the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), which looks at various coincident indicators such as real GDP, real personal income, employment, and sales to make informative judgments on when to set the historical dates of the peaks and troughs of past business cycles.
Over the past year, the price of Brent Crude, a key global oil benchmark, has been as low as $70.31 and as high as $93.12. Over the past three years, the swing from peak to trough was even greater ...
Pages in category "Business cycle" The following 43 pages are in this category, out of 43 total. ... Trough (economics) V. Vicious circle; W. Welfare cost of inflation
Here's the hidden growth potential in machine-vision company Cognex Corporation (NASDAQ: CGNX), positioning and workflow-technology company Trimble (NASDAQ: TRMB), and Delta Air Lines (NYSE: DAL ...