What is the name of the organization that defines business cycle peaks and troughs in the United States?
A)the Bureau of Labor Statistics
B)the Federal Reserve
C)the National Bureau of Economic Research
D)the National Peak and Trough Committee

Question

Quizplus · Accepted Answer

The National Bureau of Economic Research (NBER) is the organization that defines business cycle peaks and troughs in the United States. The Bureau of Labor Statistics (BLS) collects and reports employment and labor data, while the Federal Reserve is the central bank of the United States responsible for monetary policy. There is no organization called the National Peak and Trough Committee.

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