1. Theoretically, capitalism should not have business cycles at all.

2. 23 Burns, A.F., W.C. Mitchell, Measuring Business Cycles, NBER, New York, 1946.

3. Inflation, unemployment, on both i . e . stagflation, are manifestations of business cycles.

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5. These standards shall take account of business cycles and similar systematic variability in equity returns

6. These standards shall take account of business cycles and similar systematic variability in equity returns.

7. These standards shall take account of business cycles and similar systematic variability in default experience.

8. In addition, higher capital, including the countercyclical capital buffer, and liquidity requirements should also reduce the amplitude of normal business cycles.

9. It yields many of the standard properties of the firm and industry at equilibrium, and in addition, a new microeconomic theory of growth, decay and business cycles.