"Business cycles are a type of fluctuation found in the aggregate 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 phase of the next cycle; this sequence of changes is recurrent but not periodic; in duration business cycles vary from more than one year to ten or twelve years; they are not divisible into shorter cycles of similar character with amplitudes approximating their own."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Arthur F. Burns and (1946, 3); as cited in: Robert J. Gordon, ed. The American Business Cycle: Continuity and Change, 1986. p. 1
https://en.wikiquote.org/wiki/Business_cycle
Revision History
No revisions have been submitted for this quote.
Categories
Business cycle
11 quotes on TrueQuotesView all quotes by Business cycle →
Related Quotes
"For well over a century business cycles have run an unceasing round. They have persisted through vast economic and so…"
"Periodically, our economic system becomes the spectacle of unemployed men who are able and eager to work; abundant to…"
"Business-cycle theorists concerned themselves with why the economy naturally generated fluctuations in employment and…"
"The postwar era has not surprised Arthur Burns, for business cycles have continued their "unceasing round." although …"
"The other mystery is the reason why there is a business cycle - the irregular rhythm of recessions and recoveries tha…"
"Inevitably, any attempt to break down the past down into cycles involves beginning and ending points that are, to som…"
"That very large system, with interconnected industries responding to each other through delays, entraining each other…"
"This book offers an analytic description of the complicated processes by which seasons of business prosperity, crisis…"
"No two business cycles are quite the same; yet they all have much in common. They are not identical twins, but they a…"
"Analyzing business cycles means neither more nor less than analyzing the economic process of the capitalist era.... C…"