Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years?
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A remarkable fact about the historical US business cycle is that, after unemployment reached its peak in a recession, and a recovery begins, the annual reduction in the unemployment rate is stable at around one tenth of the current level of unemployment. We document this fact in a companion paper,
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美国国家经济研究局创建时间：
2020-05-01
