The Business Cycle Dating Committee of the National Bureau of Economic Research determined that US economic output reached a temporary max. in February 2020 and a temporary minimum in April 2020. What does this mean? A recession ended in February 2020. A recession began in February 2020. Covid caused the longest recession in our country's history. All the planets were aligned in February 2020. The Financial Crisis of 2008 directly caused the Great Recession. True False.