Question
The National Bureau of Economic Research (NBER) maintains the official chronology of past U.S. business cycles. Go to its website atwww.nber.org/cycles/cyclesmain.htmlto answer the following questions.
The National Bureau of Economic Research (NBER) maintains the official chronology of past U.S. business cycles. Go to its website atwww.nber.org/cycles/cyclesmain.htmlto answer the following questions.
i. Since the end of 1945, ___ business cyclesmeasured from one trough to the nexthave occurred.
a. 10
b. 11
c. 12
d. 22
ii.What was the average duration of a business cycle, measured as the end of one peak to the next, from the end of 1945 to December 2007?Round to the nearest tenth.
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Business Statistics For Contemporary Decision Making
Authors: Ken Black
9th edition
978-1-119-3208, 9781119334781, 1119334780, 1119320895, 978-1119320890
