Question

Typically, when will the National Bureau of Economic Research​ (NBER) announce that the economy is in a​ recession? A. about six months before the recession begins B. ​typically, more than 10 years after the recession begins C. on the date that the recession begins D. a year or more after the recession has begun

Answer 1

Answer: Typically, NBER announce that the economy is in a​ recession:

• About six months before the recession begins.

Explanation:

The NBER is one of the most important private nonprofit organizations in economic research in the United States, which is made up of a group of renowned independent economists.

The most common way to define that an economy is in recession is when there are more than two consecutive quarters with negative growth rates, the NBER uses different criteria to determine it, taking into account the monthly and quarterly variations of different indicators in which it perceives a considerable decrease in the growth rate of the different sectors of economic activity, an increase in unemployment and a decrease in housing prices in a significant period of time.