The beginning of a recession is declared by the:
A) National Bureau of Economic Research.
B) Treasury Department.
C) Fed.
D) president.

Question

Quizplus · Accepted Answer

The National Bureau of Economic Research (NBER) is responsible for officially declaring the start and end of recessions in the United States. They use a range of economic indicators to make this determination. The Treasury Department, Fed, and president may comment on or respond to a recession, but they do not have the authority to officially declare its existence.

The Beginning of a Recession Is Declared by The