--%>
Assignment Help - homework help

What are the types of business cycle

What are the types of business cycle?

E

Expert

Verified

Types of Business Cycle are as follows:

Professor James Arthur categorizes business cycle in three parts as given below:

1. Major and Minor Trade Cycles:

Major trade cycles are which the period of that is very large.
Minor trade cycles are which that occurs during the period of a major cycle. Professor Hanson determines the period of a major cycle between from eight years and thirty three years. Two or three minor cycles arise during the period of a major cycle. Era of a minor cycle is forty months.

2. Building Cycle: Building Cycles are which trade cycles that are associated with construction industry. Era of that cycle range from fifteen to twenty years

3. Long Waves: Period of an extended wave is of fifty years. This was discovered through a Russian economist prof. Kondratief. One or two major trade cycle arise throughout the period of a long wave.

   Related Questions in Managerial Economics

  • Q : Strategy probable to make a cartel A

    A strategy probable to make a cartel successful would be for cartel members to: (w) give heterogeneous goods. (x) stagger the amount by that they raise prices. (y) have set enforceable production quotas. (z) keep high prices when several fringe compet

    		•
  • Q : Analysis of Costs and Revenue with

    Refer to below figure. Assume that the firm is currently producing Q2units. What occurs if this expands output to Q3units: w) Its profit raises by the size of the vertical distance df. x) this makes less profit. y) this incurs a loss. z) this wil

    		•
  • Q : Explain about input output table method

    Explain about input output table method.

    		•
  • Q : Illustrates the term long run

    Illustrates the term long run production function?

    		•
  • Q : Total supply of human capital in the

    Government policy is probably to help raise the total supply of human capital within the long run through: (w) increased public education and retraining programs. (x) minimum wage legislation. (y) laws prohibiting discrimination in employment. (z) str

    		•
  • Q : Supply of Labor to Competitive Firms

    For a firm hiring through a purely competitive labor market, in that case the supply of labor is: (w) greater than the MRC. (x) less than the MRC. (y) the same as the MRC. (z) vertical to parallel the wage rate.

    Q : Managerial Economics according to

    Illustrates the managerial Economics according to Spencer and Siegleman?

    		•
  • Q : Illustrates the types of Demand

    Illustrates the types of Demand Forecasting?

    		•
  • Q : Supply of labor in a perfectly

    The supply of labor within a perfectly competitive market is: (w) an upward sloping curve. (x) a horizontal line. (y) above the MRC. (z) below the MRC. Hello guys I want your advice. Please recommend some views for

    		•
  • Q : Investment in human capital in market

    Most economists would categorize the bulk of the funds spent upon your college education like: (1) an investment in human capital. (2) financial capitalization. (3) consumption. (4) specific training. (5) personal saving. Please gu

    		•