Business Cycles

  1. 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.”
  2. 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?
  3. What are some important aspects and effects of the last recession?

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