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business cycle

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acceleration principle

acceleration principle  

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Overview Page
The principle that the demand for captial goods accelerates following a rise in the demand for output. The theory therefore emphasizes the role of demand, not the role of input prices and interest ...
adjusted forecast

adjusted forecast  

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Overview Page
Simple forecast, such as linear extrapolation of a trend which is then adjusted for, for instance, the point at which the economy has reached in the business cycle.
automatic stabilizers

automatic stabilizers  

Adjustments to fiscal policy that occur automatically during business cycles and smooth the path of economic growth. For example, in a recession the government will pump money into the economy by ...
balanced budget

balanced budget  

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Equality between total government receipts and expenditure. There is thus no need to borrow and thereby increase the government debt. The UK government operates under the golden rule that the budget ...
boom

boom  

A period of optimism, high economic activity, and relatively low unemployment. In booms prices rise faster than usual, and primary commodity prices increase relative to those of industrial products.
budgetary or fiscal policy

budgetary or fiscal policy  

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Concerns the effects of government expenditure and taxation upon aggregate demand and aggregate output. Since the development of organized state budgets, it has been recognized that forms and levels ...
business

business  

1 All forms of industrial and commercial profit-seeking activity. The business cycle refers to fluctuations in the aggregate level of economic activity, and the Business Expansion Scheme in the UK ...
business cycle

business cycle   Reference library

The Handbook of International Financial Terms

Reference type:
Subject Reference
Current Version:
2005

Observed changes to economic conditions which move from prosperity through recession to depression and hence back to recovery and further

Business Cycle.

Business Cycle.   Reference library

Anthony P. O'Brien

The Oxford Companion to United States History

Reference type:
Subject Reference
Current Version:
2004
Subject:
History, Regional and National History
Length:
1,049 words
As far back as reliable statistics for the American economy exist, periods of expanding output and employment have alternated with periods when output and employment have contracted. This ... More
Business Cycles

Business Cycles   Reference library

The Oxford Encyclopedia of Economic History

Reference type:
Subject Reference
Current Version:
2005
Subject:
Social sciences, Economics
Length:
5,124 words
Illustration(s):
2

History illustrates the evolutionary nature of business cycle behavior. In economic systems that entail behavioral, institutional, structural, and policy changes,

calibration

calibration  

The variables X and Y are related by a function f having an unknown vector θ of parameters. Values of Y are measured at known values of X. The measured values are denoted by y and x so thaty=f(θ, ...
computer

computer  

Any device capable of carrying out a sequence of operations in a defined manner. The definition of the operations is called the program. An analog computer performs computations by manipulating ...
credit crunch

credit crunch  

A period during which lenders are unwilling to extend credit to borrowers or the costs of borrowing rise. The term is particularly associated with the period beginning in late 2007, when the previous ...
credit cycle

credit cycle  

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Overview Page
The theory that business cycles are caused by fluctuations in credit. Booms occur because banks and other lenders become over-optimistic in granting credit. At some stage their mistakes lead to ...
cycle

cycle  

The medium-term wavelike rise and fall of the sales of a product, resulting from changes in general economic and competitive activity. See also business cycle.
cycle analysis

cycle analysis  

A time series correction technique that adjusts forecasts for movements in the overall economy. See also business cycle; demand.
cyclical stock

cyclical stock  

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Overview Page
Shares whose prices rise or fall in line with the business cycle.
cyclical unemployment

cyclical unemployment  

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Overview Page
Unemployment during the recession phase of a business cycle, which can be expected to disappear during the next boom.
data

data  

Reference type:
Overview Page
Financial markets are driven by data and information. The significance of information and how it can influence the behaviour of markets, especially with regard to establishing and changing prices, ...
Depression

Depression  

The financial and industrial slump of 1929 and subsequent years, also known as the Great Depression.

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