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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Economics

ISBN: 9781292430645

8th Global Edition

Authors: R. Glenn Hubbard, Anthony P. O'Brien

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