Business cycles are officially dated by:
A)National Bureau of Economic Research, NBER.
B)Bureau of Economic Analysis, BEA.
C)Bureau of Labor Statistics, BLS.
D)none of the above.

Question

Quizplus · Accepted Answer

Business cycles are officially dated by the National Bureau of Economic Research (NBER) in the United States. The NBER is a private organization of economists that determines the beginning and ending dates of economic expansions and contractions in the country. The NBER has been officially dating business cycles since the 1950s, and their determinations are widely accepted as the standard for measuring the performance of the US economy over time.

Business Cycles Are Officially Dated By