Question

Among the most important indicators used by the NBER Business Cycle Dating Committee to determine the beginning of the 2007-2009 recession were all of the following except:

A. total sales in manufacturing, wholesale trade, and retail trade.
B. nonfarm employment.
C. industrial production.
D. the consumer price index.

Answer 1

The NBER Business Cycle Dating Committee uses various indicators to determine the start of a recession, including total sales, employment, and industrial production. The consumer price index is not used for this purpose.

Step-by-step explanation:

The National Bureau of Economic Research (NBER) uses several indicators to determine the beginning of a recession. These indicators include total sales in manufacturing, wholesale trade, and retail trade; nonfarm employment; industrial production; and the consumer price index. Among these indicators, the NBER does not use the consumer price index to determine the beginning of a recession.