(Economics)chieflyUSandCanadianthe recurrent fluctuation between boom and depression in the economic activity of a capitalist country. Also called:trade cycle Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007...
The causes of a cycle are highly debated among different schools of economics. Investopedia / Mira Norian Stages of the Economic Cycle An economic cycle is the circular movement of an economy as it moves from expansion tocontractionand back again. Economic expansion is characterized by growth and...
Parkin and Bade's textEconomicsgives the following definition of the business cycle: Thebusiness cycle is the periodic but irregular up-and-down movements in economic activity, measured by fluctuations in real GDP and other macroeconomic variables. To put it simply, the business cycle is defined a...
QuickMBA / Economics / Business Cycle The Business Cycle Economic growth is not a steady phenomenon; rather, it tends to exhibit a pattern as follows: an expansion of above-average growth a peak a contraction of below-average growth a trough or low-point The troughs then are followed by ...
Test your understanding of the business cycle in economics with this quiz and worksheet. Use the interactive online quiz to test your knowledge and...
Limitations (reference to Mankiw's "Principles of Economics") 局限性(参考曼昆《经济学原理》) Limit 1: Leisure The loss fromreduced leisurewouldoffsetthe gain from producing and consuming a greater quantity of goods and services. 通过减少闲暇(减少福利)来增加GDP。一个国家如果要求工人在周末时间工作,...
Business cycle theoryEconomicsFractional cointegrationIt is sometimes pointed out that economic research is prone to move in cycles and react to particular events such as crises and recessions. The present paper analyses this issue through a quantitative analysis by answering two closely related research...
Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in investment capital. learn about our financial review board ...
business cycle: fluctuations in economic activity, such as employment and production. 经济周期:就业和生产等经济活动的波动。 通货膨胀一定就是坏事吗? 虽然在长期中,物价水平上升主要是货币量增加的结果。但在短期中,问题就变得更为复杂且更具争议性。大多数经济学家是这样描述货币注入的短期效应的: ...
Typically, monetary policy is ineffective in stimulating credit growth either because interest rates can’t be lowered (because interest rates are near 0%) to the point of favorably influencing the economics of spending and capital formation (this produces deflationary deleveragings), or because money...