Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Google Information on Recessions and Recoveries, the NBER Business Cycle Dating Committee, and Related Topics, and focus on the business cycle material. Assume that

Please Google "Information on Recessions and Recoveries, the NBER Business Cycle Dating Committee, and Related Topics", and focus on the business cycle material.

Assume that you work for a business in the food service industry such as Jersey Mike's and your boss has found out that you are taking this course. You've had discussions about the economy over a sub sandwich and the boss tells you that she has always been curious about how the dates of recessions are determined. She wants to know, so she asks you to provide interoffice memo to her that explains in clear language the method used by the Business Cycle Dating Committee to set the dates and what data are tracked to determine the timing of business cycle peaks and troughs. Use as your sources in answering this essay/memo the following:the statement on the determinants of the dates; the tab on frequently asked questions; and the memos made announcing the peak and the trough of the 2007-09 recession (or even the current recession). Part of your job in this essay/memo is to determine what is important to tell her, what questions about the process need to be answered and what are those answers are.An example or two from the memos might help illustrate exactly how the NBER does its work.In closing let your boss know whether the timing of the cycle will be as important to you in a food service firm versus a company such as Navistar that makes trucks and busses.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Economics

Authors: N. Gregory Mankiw

5th Edition

0324590024, 9780324590029

More Books

Students also viewed these Economics questions

Question

b. Who is the program director?

Answered: 1 week ago