What is the classic cycle in the economic cycle? What about the modern cycle?

What is the classic cycle in the economic cycle? What about the modern cycle? Economic cycle, in the early stage, refers to the process of alternating absolute expansion and contraction of the national economy, and in the modern stage, refers to the process of rising and falling economic growth rate. According to its initial length, economic cycles can be divided into five types: Jugra cycle, kitchen cycle, Kodrutif cycle, Kutz cycle and Schumpeter cycle; According to its motivation, it can be divided into supply type, demand type and mixed type.

LZ is talking about the classic capital attention cycle, that is, the Juglas cycle. It belongs to a demand cycle. This is a cycle dominated by the market and triggered by market failure. It begins with insufficient total demand and goes through four stages in turn: recession (crisis), depression (trough), recovery and upsurge. Under the classical capital attention system, economic realization follows the "general law of capitalist accumulation", that is, with the development of productive forces and the rise of the organic composition of capital, the gap between the rich and the poor in society is widening day by day, so the tendency of social consumption is declining, and then investment is less than savings, and the total demand is insufficient, which eventually leads to periodic economic crisis. Later, Marx demonstrated this cycle in depth.

Another demand cycle is the planned economy cycle. It is a cycle dominated by * * * and triggered by * * * failure. It begins with the expansion or excess of total demand and goes through four stages in turn: expansion, contraction, trough and recovery. Under the planned economy system, the budget constraint of enterprises is soft, * * * is the main body in economic implementation, and there is an obvious tendency of "investment expansion", the economic growth mode is extensive, and the national economy is implemented in a state of "resource constraint". Once the conditions are right, such as the lack of "rationality" or "out of control" of the central plan, investment will expand, the economy will overheat, and then there will be periodic fluctuations.

What are the main manifestations of the economic cycle? What is the difference between the classical economic cycle and the modern economic cycle? Capitalism is private ownership, and its disadvantages lie in personal and state management, and personal credit and state management have great influence. 1929 is a problem of national management, and 2008 is personal credit.

What is the economic cycle? Business cycle: also known as business cycle and boom cycle, economic cycle generally refers to the regular expansion and contraction of economic activities along the overall trend of economic development. It is the fluctuation of total national output, total income and total employment, and it is the alternating or periodic fluctuation of expansion and contraction of national income or overall economic activities.

The past is divided into four stages: prosperity, recession, depression and recovery. More vivid names are recession, trough, expansion and peak, which are also commonly used names now.

What led to the proposal and development of real business cycle theory is regarded by many economists as a breakthrough in the traditional monetary economic cycle theory. The theory of real business cycle summarized by Kidland and Prescott, the second generation representatives of neoclassical macroeconomics, provides a unique perspective for observing, explaining, analyzing and applying new methods of macroeconomics and policies. Based on this background, this paper comprehensively introduces the development and breakthrough of the real economic cycle theory to the monetary economic cycle theory, makes relevant comments on the advantages and disadvantages of the real economic cycle theory, and studies and summarizes the applicability of the real economic cycle theory in China's macroeconomic implementation.

What is "economic cycle" 1, prosperity: national income is higher than the level of full employment. It is characterized by the rapid increase of production and investment, the expansion of credit, the rise of price level and the increase of employment, and the public is optimistic about the future. 2. recession: it is a transitional period from prosperity to depression, when the economy begins to decline from the peak, but it has not yet bottomed out. 3. Depression: the national income is lower than the level of full employment. It is characterized by a sharp decline in production and investment, a credit crunch, a drop in the price level, serious unemployment and public pessimism about the future. The lowest point of depression is called the bottom, when employment and output are at a minimum. 4. Recovery: It is a transitional period from depression to prosperity. At this time, the economy began to rebound from the bottom, but it has not yet reached its peak.

Business cycle: also known as business cycle and boom cycle, it refers to a phenomenon that economic expansion and economic contraction alternate and cycle periodically in economic implementation. It is the fluctuation of total national output, total income and total employment, and it is the alternating or periodic fluctuation of expansion and contraction of national income or overall economic activities. The past is divided into four stages: prosperity, recession, depression and recovery. Now it is generally called recession, trough, expansion and peak.

The theory of economic cycle system (also known as business cycle theory) is a famous theory put forward by Schumpeter on the basis of his "innovation theory": innovation leads to imitation, imitation breaks monopoly, * * * leads to large-scale investment and leads to economic prosperity. When innovation extends to a considerable number of enterprises, the profit opportunities tend to disappear, and the economy begins to decline. We expect new innovation behaviors-the whole economic system will develop in the process of periodic movement composed of four stages: prosperity, recession, depression and recovery. When the business cycle turns to the bottom, it is also the time when some entrepreneurs have to consider withdrawing from the market or others have to "innovate" to survive. As long as redundant competitors are screened out or some successful "innovations" are produced, the prosperity and production efficiency will be improved, but when an industry makes profits again, it will attract new competitors to invest, and then it will be a process of diminishing profits and return to its previous state.

Economic boom. Economic boom.

Recession; economic recession

Depression depression

economic recovery

What is a counter-economic cycle? Anti-economic cycle: the change direction of economic variables such as output, income and employment in the economic cycle is opposite to the direction of economic fluctuation, which shows that these variables rise in recession and fall in recovery.

According to real business cycle theory, what caused the economic cycle? According to the theory of actual business cycle, the intertemporal substitution of labor force caused by technological shock is the most important core transmission mechanism that causes economic fluctuations.

When there is a positive technical impact to improve labor productivity, the production function of the enterprise will change, and the output and profit will increase. Therefore, enterprises expand their production scale and increase their demand for capital goods, and the investment required for producing capital goods is increasing. That is, it takes a period of time for enterprises to expand their production scale and produce the required capital goods, during which they need continuous investment, thus bringing about an increase in labor input, resulting in wage effect, interest rate effect and wealth effect.

That is, when there is a technical shock, the real wage level will rise. Under the condition of intertemporal substitution of labor force, when the actual wage level is high, rational consumers will increase labor supply, reduce leisure and increase income. According to the hypothesis of life cycle and permanent income, consumption will increase and the economy will be in a prosperous period.

When the influence of technology is weakened and the actual wage level is low, leisure will increase, labor supply will decrease and the economy will decline. The influence of the initial technological progress on the economy has spread and continued under the intergenerational substitution of labor force, resulting in great economic fluctuations. The interest rate effect means that when the output increases and the investment demand increases, the interest rate level will increase, and the higher interest rate level will lead consumers to provide more labor to increase their income and savings, which not only improves the labor supply, but also increases the savings that can be transferred to investment. Wealth effect, because of wage effect and interest rate effect, and the increase of output may cause the price level to drop, which will increase the wealth of consumers and thus improve the consumption level. Of course, the increase in wealth may also bring about a decline in labor supply.

When there is a temporary positive technical shock, the wealth effect of restraining labor supply is small, and the wage effect and interest rate effect are large, which eventually leads to an increase in labor supply. It is under the interaction mechanism of these inputs and outputs that the impact of technical shock and vibration on current production is amplified and the economy fluctuates greatly.