- What is the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER)? Who are they and what do they do? Hint: start with a brief summary of “what is the Business Cycle.”
- How does the NBER define and date recessions? What are the start and end dates of the last recession in the U.S.? How long did it last?
- What are some important aspects and effects of the last recession?