What information does the National Bureau of Economic Research use to declare that a recession has begun?
A) It focuses on increases in the unemployment rate.
B) It focuses on changes in major stock market indices.
C) It focuses on turning points in key economic indicators.
D) It focuses on devaluations in the national currency relative to other countries.

Question

Quizplus · Accepted Answer

The National Bureau of Economic Research (NBER) identifies recessions by analyzing turning points in key economic indicators such as GDP, employment, and industrial production, rather than focusing solely on unemployment rates, stock market indices, or currency devaluations.

What Information Does the National Bureau of Economic Research Use