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lectur1-page7 - recessions In the graph above the gray line...

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Here is the industrial capacity utilization data again over a longer time period. Recessions are identified with gray shading. Notice how the ICUR dips during
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Unformatted text preview: recessions. In the graph above, the gray line is “total capacity utilization” and the red line is “manufacturing capacity utilization”. 7...
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