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Business cycles are a type of fluctuation found in the aggregate economic activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions, and revivals which merge into the expansion ...
3 Physics cycles. Toggle Physics cycles subsection. ... Download as PDF; Printable version; ... Economic and business cycles
Cyclical dynamics at the level of individual industries may present rather different patterns from those of the general business cycles. For example, while the fluctuations of many industries correlate with those in the aggregate economy, there were also many industries that are not sensitive to business cycles — such as the pharmaceutical ...
Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations are accounted for by real, in contrast to nominal, shocks. [1] RBC theory sees business cycle fluctuations as the efficient response to exogenous changes in the real economic environment.
The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics seeking to explain how business cycles occur. The theory views business cycles as the consequence of excessive growth in bank credit due to artificially low interest rates set by a central bank or fractional reserve banks. [ 1 ]
Also in 2016, Quizlet launched "Quizlet Live", a real-time online matching game where teams compete to answer all 12 questions correctly without an incorrect answer along the way. [17] In 2017, Quizlet created a premium offering called "Quizlet Go" (later renamed "Quizlet Plus"), with additional features available for paid subscribers.
The reference dates of the United States' business cycles are determined by the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER), which looks at various coincident indicators such as real GDP, real personal income, employment, and sales to make informative judgments on when to set the historical dates of the peaks and troughs of past business cycles.
For example, the phenomenon of flutter in aerodynamics occurs when an arbitrarily small displacement of an aircraft wing (from its equilibrium) results in an increase in the angle of attack of the wing on the air flow and a consequential increase in lift coefficient, leading to a still greater displacement.