4. The official arbiter of when recessions begin and end is the National Bureau of Economic Research,
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4. The official arbiter of when recessions begin and end is the National Bureau of Economic Research, a nonprofit economics research group. Go to the NBER’s Web site
(www.nber.org) and find the latest turning point in the business cycle. When did it occur?
Was this a switch from expansion to contraction or the other way around? List all the recessions (contractions) that have occurred during your lifetime and the dates when they began and ended.
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