From 1983 to the present as you just said, the economy has a long period of smooth, robust expansion interrupted by two very mild recessions.

第二时期是从1983年至今，正如你所说，经济长时间处于,平稳强健的发展状态,而只出现了两次轻度衰退。

斯坦福公开课 - 经济学课程节选