Business cycles do not have a specific duration. However, statistical studies have distinguished business cycles of different si
zes, classifying them as follows:
• Short: They have an average duration of 40 months, they do not usually reach the depression phase. They are also known as small or Kitchin cycles.
• Means: They have an average duration of 7 and 11 years. They are a series of short cycles, which are not completely overcome and end up leading to an economic crisis. It is also known as the Juggler cycle.
• Long: They last between 47 and 60 years. , of an average of 54 years of duration. The phases are smooth and slow, it takes a long time to reach the peak and when there is a recession it is usually slow, but it leads to economic depressions of historical magnitude. They are also known as cycles of
Kondratieff
Based on the subject of the guide describe the following image
• Short: They have an average duration of 40 months, they do not usually reach the depression phase. They are also known as small or Kitchin cycles.
• Means: They have an average duration of 7 and 11 years. They are a series of short cycles, which are not completely overcome and end up leading to an economic crisis. It is also known as the Juggler cycle.
• Long: They last between 47 and 60 years. , of an average of 54 years of duration. The phases are smooth and slow, it takes a long time to reach the peak and when there is a recession it is usually slow, but it leads to economic depressions of historical magnitude. They are also known as cycles of
Kondratieff
Based on the subject of the guide describe the following image
1 answer:
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