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olga_2 [115]
4 years ago
14

In September 2010, the NBER's Business Cycle Dating Committee decided that the recession that began in December of 2007 had ende

d and that the lowest point of production was July of 2009. The NBER does not use a popular definition of recession-two quarters of falling GDP-but looks at a variety of monthly statistics to date business cycles. In business cycle terminology, what does July 2009 mark?
Business
1 answer:
balu736 [363]4 years ago
3 0

Answer:

The July 2009 mark was a trough as the lowest points of production in a business cycle are called troughs.

Explanation:

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3 years ago
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3 years ago
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4 years ago
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