real GDP from 1960 to 2012.
dashed lines extrapolate from prior period's rate of growth
slopes get flatter over time,
growth phase of each business cycle has been slowing down. "
Wednesday, March 20, 2013
decelerating expansion phases
" longer periods of economic recovery and
slower growth with each business cycle since 1960. "
real GDP from 1960 to 2012.
dashed lines extrapolate from prior period's rate of growth
slopes get flatter over time,
growth phase of each business cycle has been slowing down. "
real GDP from 1960 to 2012.
dashed lines extrapolate from prior period's rate of growth
slopes get flatter over time,
growth phase of each business cycle has been slowing down. "
