Of the recessions and expansions from 1950 to 1990,the common events were

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The recessions and expansions from 1950 to 1990 were largely driven by reactions to war and oil prices. The Korean War in the 1950s and the Vietnam War in the 1960s and 1970s led to increases in government spending and inflation, which contributed to economic downturns. Meanwhile, oil price shocks, such as the 1973 OPEC embargo and the Iranian Revolution in 1979, also had a significant impact on the economy, leading to inflation, decreased consumer spending, and financial market instability. These events were common features of the business cycles during this period.

Of the Recessions and Expansions from 1950 to 1990,the Common