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A Criticism of the National Bureau of Economic Research's Business

Question 1

Multiple Choice

A criticism of the National Bureau of Economic Research's business cycle dating committee is that it:


A) makes premature judgments as to the turning points of the business cycle.
B) makes little use of the national income and product accounts.
C) dates peaks and troughs only after the fact.
D) does not update or revise data.

Correct Answer:

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