Handout 4a - 16 6 16 8 8 44 10 22 27 21 50 80 37 45 39 24...

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Handout 4a – The US Business Cycle Spring 2007 Page 1 of 2 US Business Cycle Expansions and Contractions Contractions (recessions) start at the peak of a business cycle and end at the trough. BUSINESS CYCLE REFERENCE DATES DURATION IN MONTHS Peak Trough Contraction Expansion Cycle Quarterly dates are in parentheses Peak to Trough Previous trough to this peak Trough from Previous Trough Peak from Previous Peak August 1918(III) January 1920(I) May 1923(II) October 1926(III) August 1929(III) May 1937(II) February 1945(I) November 1948(IV) July 1953(II) August 1957(III) April 1960(II) December 1969(IV) November 1973(IV) January 1980(I) July 1981(III) July 1990 (III) March 2001(I) March 1919 (I) July 1921 (III) July 1924 (III) November 1927 (IV) March 1933 (I) June 1938 (II) October 1945 (IV) October 1949 (IV) May 1954 (II) April 1958 (II) February 1961 (I) November 1970 (IV) March 1975 (I) July 1980 (III) November 1982 (IV) March 1991 (I) November 2001 (IV) 7 18 14 13 43 13 8 11 10 8 10 11
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Unformatted text preview: 16 6 16 8 8 44 10 22 27 21 50 80 37 45 39 24 106 36 58 12 92 120 51 28 36 40 64 63 88 48 55 47 34 117 52 64 28 100 128 67 17 40 41 34 93 93 45 56 49 32 116 47 74 18 108 128 Average, all cycles: 1919-2001 (16 cycles) 1919-1945 (6 cycles) 1945-2001 (10 cycles) 13 18 10 48 35 57 61 53 67 62 53 67 Figures printed in bold italic are the wartime expansions (World Wars I and II, Korean War, and Vietnam War); the wartime contractions, and the full cycles that include the wartime expansions. Sources: NBER; the U.S. Department of Commerce, Survey of Current Business, October 1994 , Table C-51. Handout 4a – The US Business Cycle Spring 2007 Page 2 of 2 Growth Rate in real GDP-20.0-15.0-10.0-5.0 0.0 5.0 10.0 15.0 20.0 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 real GDP growth (%) Fluctuations in Unemployment 5 10 15 20 25 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 unemployment rate (%)...
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This note was uploaded on 04/18/2008 for the course ECON 100 taught by Professor Kasilwal during the Spring '07 term at CSU Long Beach.

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Handout 4a - 16 6 16 8 8 44 10 22 27 21 50 80 37 45 39 24...

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