Economics Homework Help

Read this article about the business cycle (click here (Links to an external site.)) or click here for a pdf (pdf here Download pdf here). The article argues that it is worthwhile to study past business cycles even though recent downturns in the US have been much shorter. First, why do you think recent business cycle downturns have been shorter? Second, in your opinion is it worthwhile to study earlier (longer) business cycle downturns?