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What are the four phases of the business cycle? How long do

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What are the four phases of the business cycle? How long do business cycles last? How do seasonal variations and long-run trends complicate measurement of the businrss cycle? Why does the business cycle affect output and employment in capital goods industries and consumer durable goods industries more severely than in idustries producing consumer nondurables?

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The four phases of a typical business cycle, starting at the bottom, are trough, recovery, peak, and recession. The length of a complete cycle varies from about 2 to 3 years to as long as 15 years ...

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Business cycles: phases, indicators, measures, economic evolution, outlooks

Please address the following questions.

1. Distinguish between a recession and a depression and indicate which you believe the US economy is in now. When did it start and explain why it occurred.

2. Pick the two factors cited in The Economist article that you think will have the most impact on future business cycles and explain why they are the most impactful and whether you think they will contribute to more severe or less severe business cycles.

3. Is the business cycle dead? Explain.

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