Who officially determines whether the economy is in recession or expansion?

Related MCQs

• During the phases of recession of a trade cycle
• Economic recession is characterized by all of the following except
• If any unemployment exists during expansion phase of business cycle, it is
• When aggregate economic activity is increasing, the economy is said to be in
• When aggregate economic activity is declining, the economy is said to be in
• Which indicators change before the economy itself changes
• Which indicators change after the economy as a whole changes
• Which of the following is a monetary measure to control inflation in an economy?
• Inflation in an under-developed economy generally sets in
• The rate of growth of the economy mainly depends upon