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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]
This is a list of recurring cycles. ... Time, and Pattern ... Business cycle – Inflation / Recession – Monetary policy – Virtuous circle and vicious circle ...
Definition [ edit ] According to the four stages of a business cycle (expansion, peak, contraction, trough), an expansion is an upward trend when a country's economy experiences relatively rapid growth as measured by a rise in industrial production, employment, consumer spending, and utilization of resources.
Category: Business cycle. 33 languages. ... Business cycle is included in the JEL classification codes as JEL: E32. Subcategories. This category has the following 6 ...
An annual cycle refers to a set of changes or events that uniformly, or consistently, take place at the same time of year. In biology , the annual cycle for plants and animals details behavioral and chemical changes that take place as the seasons advance.
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Keynesian economics advocates the use of automatic and discretionary countercyclical policies to lessen the impact of the business cycle. One example of an automatically countercyclical fiscal policy is progressive taxation. By taxing a larger proportion of income when the economy expands, a progressive tax tends to decrease demand when the ...