A recession is a low point in the economy. A depression is an extreme low point in the economy that lasts a long period of time. We are at a recession, in the 1930's their was a depression in the US.
This is usually called a recession.
The date at which a recession starts is called a peak.
== == == ==
low unemployment
A recession is a low point in the economy. A depression is an extreme low point in the economy that lasts a long period of time. We are at a recession, in the 1930's their was a depression in the US.
This is usually called a recession.
This is usually called a recession.
The date at which a recession starts is called a peak.
== == == ==
The low point of a wave is called the trough, which is the lowest point of a wave where the displacement is at its minimum. This is the point where the wave reaches its lowest value below the equilibrium level.
A low point in a mountain range is called a pass or a saddle. It is a gap between two high points that allows for easier travel across the mountain range.
low unemployment
troughits called a trough
It is called a recession. If it lasts longer than three of four years it is called a depression.
Its called the "trough"
This is often called a recession.