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
Correct Answer:
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Q53: Which of the following statements best characterizes
Q54: The growth trend in the graph shown
Q55: Business cycles are generally considered in:
A)the short-run
Q56: If U.S. real GDP increases by 3.3
Q57: Which of the following statements best characterizes
Q59: Which of the following countries, or groups
Q60: The business cycle is:
A)the term used to
Q61: The business cycle consists of several stages
Q62: Technological change is most likely to affect:
A)structural
Q63: The lowest sustainable rate of unemployment that
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