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In September 2010, the NBER's Business Cycle Dating Committee Decided

Question 58

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In September 2010, the NBER's Business Cycle Dating Committee decided that the recession that began in December of 2007 had ended and that the lowest point of production was July of 2009. The NBER does not use a popular definition of recession-two quarters of falling GDP-but looks at a variety of monthly statistics to date business cycles.What is the NBER?


A) National Bureau of Economic Research, a nonprofit, private organization
B) National Board of Economic Recovery, part of the Department of Commerce
C) National Business Education Roundtable, part of the Federal Reserve
D) National Budget Estimation Review, part of the Congressional Budget Office

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