The _____ has the official role of declaring the beginnings of recessions and expansions.
A) Federal Reserve
B) U.S. Congress
C) National Bureau of Economic Research
D) U.S. president

Question

Quizplus · Accepted Answer

The National Bureau of Economic Research (NBER) is a private, non-profit, non-partisan research organization that is in charge of determining the starting and ending dates of recessions and expansions in the US economy. Its Business Cycle Dating Committee examines a variety of economic data to make its determinations. The Federal Reserve, U.S. Congress, and U.S. president do not have the official role of declaring the beginnings and endings of recessions and expansions.

The _____ Has the Official Role of Declaring the Beginnings