Question: Using your answer to question 2, compare the lengths of recessions and expansions for the period 19471982 with the years 19832007. Compare the length of

Using your answer to question 2, compare the lengths of recessions and expansions for the period 1947–1982 with the years 1983–2007. Compare the length of the 2007–09 recession with the other recessions of the post–World War II era.

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In terms of number of quarters during which real GDP declined note that neither of the two recessions during the 19832007 period were longer than any of the recessions during the period 194782 Second no recession ... View full answer

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