An article in the Wall Street Journal in mid-2019 observed that business cycles have historically happened at
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An article in the Wall Street Journal in mid-2019 observed that “business cycles have historically happened at intervals of between five and eight years, so the current expansion is indeed an abnormally long one.” Given the length of the economic expansion in 2019, should households and firms have expected that a recession would start soon? Briefly explain.
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Answer While historical patterns can provide insights into economic cycles they dont guarantee the t...View the full answer
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