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Economics Study Set 4
Quiz 21: Economic Growth,the Financial System,and Business Cycles
According to the National Bureau of Economic Research,the recession that began in December 2007 A) lasted 12 months. B) lasted 18 months. C) lasted 27 months. D) had not ended by December 2011.
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According to the National Bureau of Economic Research,the United States experienced ________ recessions since 1950. A) 4 B) 7 C) 10 D) 15
Economists have not found a way to predict when recessions will begin and end.
The NBER's Business Cycle Dating Committee defines a recession as at least two consecutive quarters of falling real GDP.
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