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Author Question: The official dating of recessions in the United States is the responsibility of the: a. Bureau of ... (Read 57 times)

burchfield96

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on: Jun 30, 2018
The official dating of recessions in the United States is the responsibility of the:
 a. Bureau of Labor Statistics (BLS).
  b. Internal Revenue Service (IRS).
  c. Federal Reserve.
  d. Congress.
  e. National Bureau of Economic Research (NBER).

Question 2

How is recession defined by the National Bureau of Economic Research NBER?
 a. Two consecutive quarters of declining GDP
  b. A significant decline in total output, income, employment, and trade for six months to one year
  c. A dramatic decline in unemployment for less than six months
  d. A sharp increase in money supply and the market rate of interest
  e. A significant decline in stock prices over three consecutive quarters of a business year


jasonq

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e

Answer to Question 2

b


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