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Business Cycles and National Income - Questia Online Library This edition (1964) of Business Cycles and National Income includes the whole of the 1951 edition (Parts I-IV) in unaltered form and adds five new chapters (Part V). This new material presents a survey and analysis of the four recessions and recoveries which we have witnessed in the American economy in the period 1948-1963. Business cycle - Wikipedia The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend. The length of a business cycle is the period of time containing a single boom and contraction in sequence. Education What are business cycles and how do they ... The National Bureau of Economic Research (NBER) has designated nine business cycles over the years from 1945 to 1991. During this period, the average business cycle lasted about five years; the average expansion had a duration of a little over four years, while the average recession lasted just under one year.
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