The C.D. Howe Institute Business Cycle Council is an arbiter of the chronologyof Canadian business cycles. Go to its website at  https://www.cdhowe.org/council /business-cycle-council

a. How many business cycles have occurred since the end of World War II in 1945?

b. What was the average duration of a business cycle when measured from the end of one expansion (its peak) to the end of the next? That is, what was the average duration of a business cycle in the period from 1945 to 2009?

c. When was the last announcement by the C.D. Howe Institute’s Business Cycle Council, and what was it?