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26 Oct 2021

Introduction

Since 1900, table 19.7 shows the trend of recessions and expansions in the US industry. The supreme court is the highest point in the economy first before the recession starts. The trough, on the other hand, is the weakest level of a recession before such a rebound begins. A recession will last from trough to trough, while an industrial boom lasts from downwards to trough. The business cycle is the motion of the economy from peak to trough and trough to peak.

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