Business cycle dating committee definition
Note that the series typically climbs during expansion periods (between the trough and the peak of the business cycle) and falls during recessions (the shaded areas between the peak and the trough).
How does the NBER determine business cycle turning points?
Economists note, however, that complete business cycles vary in length.
When the slowing down hits a bottom level, that is called a trough, after which a period of recovery follows.Phase 2 will include badges, learning plans linked to accredited competency frameworks, wikis (for collaborative content development) and new content from international thought leaders and academics.