Question: 1. Using Table 12.1, find the average duration, the minimum duration, and the maximum duration of expansions in the United States since 1929. Are expansions

1. Using Table 12.1, find the average duration, the minimum duration, and the maximum duration of expansions in the United States since 1929. Are expansions getting longer or shorter on average over time? Is there any tendency for long expansions to be followed by long recessions? (LO1)

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