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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 ...
In economics, a trough is a low turning point or a local minimum of a business cycle. The time evolution of many economics variables exhibits a wave-like behavior with local maxima (peaks) followed by local minima (troughs). A business cycle may be defined as the period between two consecutive peaks. [1] [2]
It is a finite period of growth, often measured by a rise in real GDP, that marks a reversal from a previous period, for example, while recovering from a recession. [ 1 ] [ 2 ] The explanation of fluctuations in aggregate economic activity between expansions and contractions ("booms" and "busts" within the " business cycle ") is one of the ...
This is a list of recurring cycles. ... Time, and Pattern ... Business cycle – Inflation / Recession – Monetary policy – Virtuous circle and vicious circle ...
The leading business cycle dating committee in the United States of America is the private National Bureau of Economic Research. The Bureau of Labor Statistics is the principal fact-finding agency for the U.S. government in the field of labor economics and statistics.
The Kitchin cycle is a short business cycle of about 40 months, identified in the 1920s by Joseph Kitchin. [ 1 ] This cycle is believed to be accounted for by time lags in information movement, affecting the decision making of commercial firms.
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For example, in Christianity the liturgical year is an annual cycle, which for some Christian denominations is composed of the temporal cycle that tracks the events in the life of Christ, and the sanctoral cycle which tracks the various saint's days. Some Christian churches only observe the temporal cycle. [2]