The U.S. economy hit a low point in February 1961. How long (in terms of months)

Question

The U.S. economy hit a low point in February 1961. How long (in terms of months) did the following expansion last? Note: The NBER table can be tricky. Before answering this question, take another look at figure 1 above and then look at the NBER table. > http://www.nber.org/cycles.html

the answer is... ?

Figure 1 StageStage 2 Stage 3 Stage 4 Stage 1 l Trough to Recovery to Expansion to Peak Trough to Peak ContractionRecovery Recovery Expansion Mr 200 rough t0 Peak Trough from Previous Peak Economic Activity Business Cycle Mar 199 I Nov 200 Time

Explanation / Answer

How long (in terms of months) did the following expansion last?

Solution: 120 months

Working: Period March 1991 to March 2001 are 120 months

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