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Chapter 6: Q 6. (page 160)

According to Table 6.7, how long has the average recession lasted since the end of World War II?

Short Answer

Expert verified

Recessions gives an average duration of 11months.

Step by step solution

01

Step 1. Given Information

Table 6.7

02

Step 2. Description

The table lists the "Months of Contraction" for each recession. Averaging these figures for the post-WWII recessions gives an average duration of 11 months, or slightly less than a year.

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