The period of the business cycle in which the real GDP is increasing is called the?
And no, this is not an homework question. I'm a college student and we starting our exams soon. I'm just going through a lot of questions. Both online and previous year's questions from my school. This is quite confusing. I think it is expansion. Then I saw an article on trough on wikipedia that says it is trough. https://en.wikipedia.org/wiki/Trough_(economics) Please explain