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PART10ECONOMICFLUCTUATIONSAS-ADandtheBusinessCycleCHAPTER29

TheNationalBureauCallsaRecessionTheNBER’sBusinessCycleDatingCommitteeannouncedinNovember2001thatapeakinbusinessactivityhasoccurredintheU.S.economyinMarch2001.Toidentifythedateofthecyclepeak,theNBERcommitteelookedatindustrialproduction,employment,reale,andwholesaleandretailsales.Thefigureonthenextslideshowsemployment.

TheNationalBureauCallsaRecessionEmploymentpeakedinMarch2001.Otherfactorsconsideredbythecommitteedidnotpeakbutdidntcontradicttheemploym

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