document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1209509>Question 1209509</A>: <I><SPAN STYLE=\"word-break: break-all;\"> What are the four phases of the business cycle? How long do business cycles last? How do seasonal variations and secular trends complicate measurement of the business cycle? Why does the business cycle affect output and employment in capital goods and consumer durable goods industries more severely than in industries producing non-durables? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #849027 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52786)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=849027\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "What Edwin placed in his post and what the AI produced, is true,<BR>\n" );
document.write( "but it is a commonly known \"plain true\", just known at least 150 years.\r<BR>\n" );
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document.write( "Much more interesting true and observation is that every growth (= expansion) starts <BR>\n" );
document.write( "when some new ideas come to people's minds, which goods to produce and to sell.\r<BR>\n" );
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document.write( "In different times, it were steam machines, then internal combustion engines, <BR>\n" );
document.write( "then ships made of iron, then electric devices, cars, tractors, radio, phones, televisors,<BR>\n" );
document.write( "airplanes, computers, computer software, databases, phones and iphones, etc.\r<BR>\n" );
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document.write( "Now the today's global idea is the Artificial Intelligence.\r<BR>\n" );
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document.write( "So, the situation is simple: if there is a new idea of a global scale - then there is a growth.\r<BR>\n" );
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document.write( "                             If there is no new idea - then a crisis and stagnation comes.\r<BR>\n" );
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document.write( "It explains, how the economy and people's life depend on what happens in people's minds.\r<BR>\n" );
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