Since world war 2 what has characterized business cycles in the US?

Since World War II, U.S. business cycles have been characterized by periods of expansion and contraction influenced by various factors, including changes in consumer demand, government policy, and global economic conditions. The economy has experienced several significant recessions, notably the 2008 financial crisis, while also benefiting from technological advancements and globalization that have driven growth. Additionally, the role of the Federal Reserve in monetary policy has been crucial in managing inflation and stabilizing economic fluctuations. Overall, the cycles have become more complex, reflecting a more interconnected global economy.