Question

What is the name of the organization that defines business cycle peaks and troughs in the United States?

A) the Bureau of Labor Statistics
B) the Federal Reserve
C) the National Bureau of Economic Research
D) the National Peak and Trough Committee

Answer 1

The National Bureau of Economic Research (NBER) is the organization that defines business cycle peaks and troughs in the United States.

Step-by-step explanation:

The name of the organization that defines business cycle peaks and troughs in the United States is the National Bureau of Economic Research (NBER). It is a private think tank that tracks business cycles for the U.S. economy. The NBER determines the official ending dates of recessions and the beginning dates of recoveries.