The start of an expansion is determined by the:
A) Treasury Department.
B) Federal Reserve.
C) president.
D) National Bureau of Economic Research.

Question

Quizplus · Accepted Answer

The start of an expansion is determined by the National Bureau of Economic Research, which uses a set of criteria to determine when a recession officially ends and an expansion begins. The Treasury Department and president do not have a direct role in determining the start of an expansion, and while the Federal Reserve may take actions to stimulate economic growth, they do not officially declare the start of an expansion.

The Start of an Expansion Is Determined by The