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What Was the Typical Rate of Growth of United States

Question 19

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What was the typical rate of growth of United States GDP during the twentieth century and how did the decades of the 1970s and 1980s differ from that general pattern? Approximately how long (in years)was the typical business cycle in the last half century? How big a drop in GDP was associated with America's worst business cycle,the Great Depression?

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Throughout most of the twentieth century...

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