A criticism of the National Bureau of Economic Research's business cycle dating committee is that it
A) makes premature judgments as to the turning points of the business cycle.
B) makes little use of the national income and product accounts.
C) dates peaks and troughs only after they occur.
D) does not update or revise data.

Question

Quizplus · Accepted Answer

The National Bureau of Economic Research's business cycle dating committee only dates peaks and troughs after they occur, which means that the dates may not be useful for timely decision-making. However, this criticism may also be considered a limitation of the nature of business cycles themselves, as it is often difficult to identify turning points until after they have passed.

A Criticism of the National Bureau of Economic Research's Business