Question: Using Table 21.1, find the average duration, the minimum duration, and the maximum duration of expansions in the United States since 1929. Are expansions getting

Using Table 21.1, 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?

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The 14 expansions in Table 211 lasted a total of 772 months or a little over 59 months ... View full answer

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