Which of the following monthly data series is closely observed by the Business Cycle Dating Committee of the NBER?
A) Real personal income less transfer payments
B) Wholesale prices of goods
C) Real GDP
D) Total unemployment
E) Real interest rates

Question

Quizplus · Accepted Answer

The Business Cycle Dating Committee of the NBER closely observes real personal income less transfer payments as it is a key indicator of economic activity and consumer spending, which are crucial for determining business cycle phases.

Which of the Following Monthly Data Series Is Closely Observed