Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started