For 10 points, identify these alternating periods of growth and decline in the economy.
A book defining the measurement of these phenomena was written by Arthur Burns and Wesley Mitchell. Hyman Minsky proposed that these phenomena are generated endogenously in his financial instability hypothesis. A proposed long-term version of this concept was named in honor of Nikolai Kondratiev, and another type is named for Simon Kuznets. A book defining various lengths of these events was written by Joseph Schumpeter. The National Bureau of Economic Research claims an average length of six years for these phenomena, with the most recent one beginning in 2009. For 10 points, identify these alternating periods of growth and decline in the economy.
A book defining the measurement of these phenomena was written by Arthur Burns and Wesley Mitchell.
business cycles [prompt on answers like "economic cycles" or "boom and bust cycles"; prompt on "recessions" or "depressions" or similar answers]