Why Recent Business Cycle Downturns Have Been Shorter Attributing to Long Expansions

Brief Opinion
Student’s Name
Institutional Affiliation
Course
Date
Brief Opinion
A business cycle shows an increase and a decrease in production output of a nation. It is characterized by expansions that are then accompanied by recessions. These changes can be recurrent rather than periodic. An economic downturn in a business cycle refers to a fall in the real GDP, culminating in a fall in the rate of economic growth and a widening output gap. Downturns also include a period of negative economic growth and recession.
Recent business cycles have been shorter, which can be attributed to the long expansions. These expansions are a way of fine-tuning the economy, which tended to prevent or minimize...