Factors Of Business Cycles Flashcards
1
Q
Which 2 factors affect business cycles
A
Exogenous
Endogenous
2
Q
Discuss exogenous factors
A
Originate outside of market Some say from intervention Eg, climate or 9/11 Supporters: neo classical Also known as sunspot theory
3
Q
Discuss endogenous factors
A
Originate within market Some say Feature of unstable economy Eg, change in investments Should use monetary or fiscal policy Supporter: Keynesian Also known as interventionism
4
Q
What are the 4 structural explanations of business cycles
A
Kitchin
Jugler
Kuznets
Kondratief
5
Q
Discuss kitchin cycles
A
3 to 5
Adapting inventory levels
6
Q
Discuss jugler cycles
A
7 to 11 years
Changes in net investments
7
Q
Discuss kuznets cycles
A
15 to 20 years
Changes in construction industry
8
Q
Discuss kondratief cycles
A
50+ years
Technological innovations or war
