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The Trader’s Guide to Key Economic Indicators

1-57660-139-0
Book from gdlhub / 2012-06-27 14:20:32
Oleh : RICHARD YAMARONE, Bloomberg Press
Dibuat : 2012-06-27, dengan 1 file

Keyword : The Trader’s Guide to Key Economic Indicators
Subjek : The Trader’s Guide to Key Economic Indicators
Sumber pengambilan dokumen : INTERNET

The business cycle is one of the central concepts in modern eco-



nomics. It was defined by celebrated economists Arthur Burns and



Wesley Mitchell in their pioneering 1946 study, Measuring Busi-



ness Cycles, written for the National Bureau of Economic Research



(NBER), which today is the official arbiter of the U.S. business



cycle. According to Burns and Mitchell, the business cycle is “a



type of fluctuation found in the aggregate economic 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.”

Deskripsi Alternatif :

The business cycle is one of the central concepts in modern eco-



nomics. It was defined by celebrated economists Arthur Burns and



Wesley Mitchell in their pioneering 1946 study, Measuring Busi-



ness Cycles, written for the National Bureau of Economic Research



(NBER), which today is the official arbiter of the U.S. business



cycle. According to Burns and Mitchell, the business cycle is “a



type of fluctuation found in the aggregate economic 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.”

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