ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Warren Buffett
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Steve Jobs
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Clemente Juglar
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George Washington
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Detailed explanation-1: -The first authority to explore economic cycles as periodically recurring phenomena was the French physician and statistician Clément Juglar, who in 1860 identified cycles based on a periodicity of roughly 8 to 11 years.
Detailed explanation-2: -Business cycles as we know them today were first identified and analyzed by Arthur Burns and Wesley Mitchell in their 1946 book, Measuring Business Cycles. One of their key insights was that many economic indicators move together.
Detailed explanation-3: -The economic cycle, also known as a business cycle, refers to fluctuations of the economy between periods of expansion (growth) and contraction (recession).
Detailed explanation-4: -The Juglar cycle is a fixed investment cycle of 7 to 11 years identified in 1862 by Clément Juglar.
Detailed explanation-5: -Kaldor, “A Model of the Trade Cycle “, Economic ournal, 1940.