Using Table 8.1 (NBER business cycles), identify the longest and shortest expansion and contraction in the United
Question:
Using Table 8.1 (NBER business cycles), identify the longest and shortest expansion and contraction in the United States from December 1854 to November 2001. What are your thoughts about the periodicity and persistence of U.S. business cycles?
Transcribed Image Text:
TABLE 8.1 NBER BUSINESS CYCLE DATES Source: NBER website. Trough Dec. 1854 Dec. 1858 June 1861 Dec. 1867 Dec. 1870 Mar. 1879 May 1885 Apr. 1888 May 1891 June 1894 June 1897 Dec. 1900 Aug. 1904 June 1908 Jan. 1912 Dec. 1914 Mar. 1919 July 1921 July 1924 Nov. 1927 Mar. 1933 June 1938 Oct. 1945 Oct. 1949 May 1954 Apr. 1958 Feb. 1961 Nov. 1970 Mar. 1975 July 1980 Nov. 1982 Mar. 1991 Nov. 2001 June 2009 www.nber.org/cycles/main.html Expansion (months from trough to peak) 30 22 46 (Civil War) 18 34 36 22 27 20 18 24 21 33 19 12 44 (WWI) 10 22 27 21 50 80 (WWII) 37 45 (Korean War) 39 24 106 (Vietnam War) 36 58 12 92 120 73 Peak June 1857 Oct. 1860 Apr. 1865 June 1869 Oct. 1873 Mar. 1882 Mar. 1887 July 1890 Jan. 1893 Dec. 1895 June 1899 Sept. 1902 May 1907 Jan. 1910 Jan. 1913 Aug. 1918 Jan. 1920 May 1923 Oct. 1926 Aug. 1929 May 1937 Feb. 1945 Nov. 1948 July 1953 Aug. 1957 Apr. 1960 Dec. 1969 Nov. 1973 Jan. 1980 July 1981 July 1990 Mar. 2001 Dec. 2007 Contraction (months from peak to trough) 18 8 32 18 65 38 13 10 17 18 18 23 13 24 23 7 18 14 13 43 (Depression) 13 (Depression) 8 H2%DHK 00000000 | 11 10 8 10 11 16 6 16 8 8 18
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Craigwood Ltd acquired all the issued shares (cum div.) of Grandburn Ltd for consideration of $3,700,000 on 1 January 2023. On the date of acquisition Grandburn Ltd's Statement of Financial Position...
-
What are your thoughts about the value (or lack of value) of using measures of physiological responses, such as the galvanometer?
-
In the Young's double slit experiment, interference fringes are formed using Na-light of 589 nm and 589.5 nm. Obtain the region on the screen where the fringe pattern will disappear. You may assume...
-
Pentel Accounting Company began in 2013 with 2,000,000 authorized and 450,000 issued and outstanding $7par common shares. During 2013, Pentel entered into the following transactions: a. Declared a...
-
Can you disable a Java exception?
-
What risk are we talking about when we say that government bonds are risk-free?
-
Purchasing Survey asked purchasing professionals what sales traits impressed them most in a sales representative. Seventy-eight percent selected "thoroughness." Forty percent responded "knowledge of...
-
Given a railroad curve with the following parameters: Dc = 200'00" C | = 1800'00" Pl Station 25+50.00 ft Compute the curve parameters, Length of the arc L. O 1014.56' O 452.71' O900.04'
-
Discuss the following statement: When Keynes stated that in the long run, we are all dead he meant that we should focus only on the short run and not pay attention to any long-run consequences of our...
-
Consider the following variables: real GDP, consumer spending, investment, unemployment, inflation, stock prices, interest rates, and credit spreads. Classify each as procyclical, countercyclical, or...
-
Compound A (C 7 H 10 ) exhibits a λ max of 230 nm in its UV absorption spectrum. Upon hydrogenation with a metal catalyst, compound A will react with two equivalents of hydrogen gas....
-
The following transactions occurred for the month of May. Date Units Cost Total Sales Price 1-May Beginning Balance 80 12 $960 2-May Purchase 85 15 $1,275 3-May Purchase 65 11 $715 10-May Sale 90 $30...
-
Describe three things you can do as an individual and an employee to protect the environment. What would be sustainability Initiatives you will recommend the organization you want to work for to...
-
The Wilson family are nationals of the United Kingdom (UK). George, the father, has a Bachelor of Science degree in engineering and is presently employed as a manager at Proctor and Gamble in the UK....
-
Cash balance The following budgeted May cash information is available for Salado Corp.: Net after-tax income $336,000 Depreciation expense. 56,200 Accrued income tax expense. 82,000 Increase in...
-
Watch and discuss - The Tyranny of ControlLinks to an external site. https://www.freetochoosenetwork.org/programs/free_to_choose/index_90.php?id=the_tyranny_of_control Please can you discuss into...
-
Iron Man Products has projected the following sales for the coming year: Sales in the year following this one are projected to be 15 percent greater in each quarter. a. Calculate payments to...
-
Activator rod AB exerts on crank BCD a force P directed along line AB. Knowing that P must have a 100-N component perpendicular to arm BC of the crank, determine (a) The magnitude of the force P, (b)...
-
Explain why you would be more or less willing to buy a house under the following circumstances: a. You just inherited $100,000. b. Real estate commissions fall from 6% of the sales price to 5% of the...
-
Explain why you would be more or less willing to buy gold under the following circumstances: a. Gold again becomes acceptable as a medium of exchange. b. Prices in the gold market become more...
-
Explain why you would be more or less willing to buy long-term AT&T bonds under the following circumstances: a. Trading in these bonds increases, making them easier to sell. b. You expect a bear...
-
Use the australian accounting standard. On 1 July 2022, Surf Ltd leases a semi-trailer truck from Superior Ltd. The truck will be used to move spare parts between Surf's various warehouses. The...
-
In addition to the Transaction/events that have occurred during the year, the CEO would like you to provide some accounting advice on some proposed future expenditure. Specifically, Surf Ltd is...
-
A rise with a sharp fall at the end of an utterance is found in: a. statements b. yes/no questions c. exclamations d. wh-questions e. incomplete thoughts
Study smarter with the SolutionInn App