From 1982 until 2008, recessions were less frequent
Question # 00139802
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Updated on: 11/24/2015 11:23 AM Due on: 12/24/2015
From 1982 until 2008, recessions were less frequent and milder than during the earlier post-war period leading to optimism that the business cycle had been tamed.Of course, the Great Recession showed this optimism was not justified.Discuss the potential causes of recession and whether they can be predicted.
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Solution: From 1982 until 2008, recessions were less frequent