MACROECONOMIC THOUGHTS.PART 22

on average lasted 58 months and average contraction 11 months.After 1990,expansion average 95 months and average contraction 11 months.Even with better measure or broad gauge as GDP coupled with advent of macroeconomics which downplayed the significance of business cycle research until recent times,time lag to sustainable growth hasnt decline,but its abettor especially with the ineffective role of monetary policy at managing the boom and burst cycle.For instance,the recession that was begun in December 2007 and lasted 18 months broke the record of 1973-75 and then 1981-82 that lasted 16 months now became the longest postwar recession in American history.Sometimes,it could be worrisome when you look at this nonlinear growth and this affect GDP Straight line course.For instance it could have been more,had the percentage loss been added,that is world GDP grew by 59 times since 1960.And without been adjusted for annual inflation of the period.Now per capital GNP in 2000 in the United States stood three times than