In the Recession of 2007-2009, the National Bureau of Economic

question 129

Multiple Choice

In the recession of 2007-2009, the National Bureau of Economic Research's Business Cycle Dating Committee

• A)applied the traditional definition of a recession, marking the beginning in late 2007.
• B)applied the traditional definition of a recession, but marking the beginning only in early 2009.
• C)ignored the traditional definition of a recession, claiming that no recession had in fact occurred.
• D)ignored the traditional definition of a recession, marking the beginning in late 2007.

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Definitions:

Achievement Tests

Tests designed to assess a person's knowledge or proficiency in a particular area or subject.

Future Performance

Predicted achievement or behavior in tasks or activities that will occur at a later time.

Intellectual Abilities

Capabilities related to the mind and intelligence, such as reasoning, problem-solving, and learning.

Binet and Simon

Alfred Binet and Theodore Simon, French psychologists who developed the first intelligence test to identify learning difficulties in children.