How economists interpret the business cycle

It is the transition cycle of the economy from low to high. Hey.

The economic cycle refers to a phenomenon in which economic expansion and economic contraction alternate and cycle in a country, and it is the fluctuation of gross national output, total income and total employment. The economic cycle is actually basically the same as the four seasons, the four seasons are formed by the rotation of the earth around the sun, and the economic cycle is actually formed by the fluctuation of the central bank's financial policy and the fluctuation of national income, so we can see the changes in the industry under the influence of the economic cycle.

The economic cycle is generally characterized by two phases, the first is the expansion phase and the second is the contraction phase. In the expansion phase, we can see strong market demand, full orders, and rapid expansion of enterprises, so the development of these economies will lead to a boom in the economic cycle. When the enterprise is carried away by the prosperous market and operates blindly, at this time, the enterprise will suffer some difficulties, and the trend of market contraction is official.

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What is the economic cycleThe economic cycle is when the economic development reaches a certain level, and the development is restricted. Hindered.

Business cycle: also known as business cycle and business cycle, the business cycle generally refers to the regular expansion and contraction of economic activities along the overall trend of economic development. It is the fluctuation of gross national output, total income and total employment, and the alternating or cyclical fluctuation of national income or the expansion and contraction of general economic activity.

The economic cycle refers to the economic benefits and profits generated by the use value created by the economy within the scope of an economic cycle.

The proposed development cycle, I think that in terms of the recession period and the development period of the economy, it is a cycle of seat re-examination.

I think that in fact, everything is cyclical. That's what we call going from low to high, and then the cycle goes on.

From the perspective of the root of the business cycle, the theory of business cycle can be divided into two categories: exogenous economic cycle theory and endogenous business cycle theory. Unlike endogenous business cycle theory, exogenous economic theory holds that the root cause of the business cycle lies in the movement of certain factors outside the economy caused by revolutions, elections, oil mines, gold discoveries, immigration, new lands and new resource discoveries. Scientific breakthroughs and technological innovations, even sunspot activity and climate, and so on.

A phenomenon that occurs cyclically in the course of operation, such as the alternation of economic expansion and economic contraction, is the fluctuation of gross national output, total income and total employment, and the alternation or cyclical fluctuation of national income or overall economic activity expansion and contraction. The economic cycle is divided into four phases of boom, recession, depression, and recovery, which are characterized by fluctuations in gross national output, total income, and total employment, and are marked by the expansion and contraction of most economic sectors.

That's when relatives go, relatives have bottoms to highs, and this period of time is called the economic cycle.

What is the economic cycle, and the economic cycle can be understood and analyzed according to some of its specific characteristics and meanings.

The economic cycle as a whole is a cyclical situation, with ups and downs.

What is an Economic Cycle? The so-called economic cycle is within a certain period of time.

For a specific analysis of specific things, you can consult relevant books and make a specific statistics.

Since the middle of the 19th century, economists have proposed different lengths and types of business cycles based on their own research when exploring the problem of business cycles. For example, the Kitchin cycle, also known as the short-wave cycle, refers to the economic cycle with a cycle length of about 40 months, and it is generally believed that the short-wave cycle is caused by the cycle of inventory adjustment. According to Kitchin, this imitation period of the weekly feast is the result of rhythmic movement caused by psychological reasons, which in turn are caused by changes in grain production due to poor agricultural harvests.

The Jugra cycle is a medium cycle, and the average length of the economic cycle is considered to be 9-10 years; The Kondratiev cycle is a long cycle, and the average length of the economic cycle is 50-60 years; The Kuznets cycle (often referred to as the construction cycle) considers the average length of the economic cycle to be 15-25 years; Schumpeter Chow.

Characteristics of the Business Cycle:

1) Economic cycles are inevitable.

2) The economic cycle is the overall and overall fluctuation of economic activities.

3) A cycle consists of four stages: boom, recession, depression, and recovery.

4) The length of the cycle is determined by the specific nature of the cycle.

Boom, i.e. the phase of expansion or upward movement of economic activity (upswing);

Recession, the transition from boom to bust (crisis);

Depression, i.e. the phase in which economic activity contracts or declines;

The complex is a transitional stage from depression to prosperity.