Figure 5.1 shows that since 1990, business cycles in the U.S. economy have had long recovery and
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Figure 5.1 shows that since 1990, business cycles in the U.S. economy have had long recovery and relatively short recession phases. Why do you think this has happened? Do you think this pattern is typical of what we can expect from the economy in the future?
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Economics Theory And Practice
ISBN: 9781118949733
11th Edition
Authors: Patrick J. Welch, Gerry F. Welch
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