Log out Go to App
Go to App

Learning Materials

Features

Discover

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.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Why do you suppose that U.S. GDP is so much

higher today than 50 or 100 years ago?

What is the difference between a series of

economic data over time measured in nominal terms

versus the same data series over time measured in real

terms?

What are the main components of measuring GDP

with what is demanded?

The Czech Republic has a GDP of 1,800 billion

koruny. The exchange rate is 25 koruny/U.S. dollar. The Czech population is 20 million. What is the GDP per capita of the Czech Republic expressed in U.S. dollars?

Using data from Table 6.5 how much of the nominal GDP growth from 1980 to 1990 was real GDP and how much was inflation?
See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free