What is the BCDC?

**Waterfront Specialist** · 05-01-2011, 08:52 PM

Hi..

The Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) provides a better way to find out if there is a recession is taking place. This committee determines the amount of business activity in the economy by looking at things like employment, industrial production, real income and wholesale-retail sales. They define a recession as the time when business activity has reached its peak and starts to fall until the time when business activity bottoms out. When the business activity starts to rise again it is called an expansionary period. By this definition, the average recession lasts about a year.

**jhonmartin** · 06-01-2011, 11:53 PM

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**Carla Hailey** · 06-02-2011, 09:05 AM

It is obvious that we are facing a major crisis on a global scale.

**advinprience** · 06-11-2011, 06:03 AM

Business Cycle Dating Committee believes that a history of U.S. business cycles. The chronology is to alternate the dates of ups and downs of economic activity. During a recession, between the peak and for all, and the expansion is the time between and across the top.