The National Bureau of Economic Research determines that a recession is over
A) after one year of economic growth.
B) when the economy is in a trough.
C) when the unemployment rate falls below 5%.
D) when the stock market reaches its prerecession level.

Question

Quizplus · Accepted Answer

The National Bureau of Economic Research (NBER) defines the end of a recession as when the economy hits its trough, meaning the point at which it stops contracting and begins to expand again. This is not necessarily tied to a specific unemployment rate, stock market level, or period of growth.

The National Bureau of Economic Research Determines That a Recession