| Productivity growth tends to follow and exaggerate the ups and downs of the business cycle. |
| They tolerated the gyrations of the business cycle more willingly, including dozens of recessions and several deep economic depressions. |
| Separately, a New York Fed paper suggested that there has been a downshift in the volatility of the business cycle. |
| There is talk of making the stability pact more adaptable to the business cycle. |
| Many of the adverse contrasts to a traditional business cycle were also technology-related. |
| The Marxian theory of the business cycle has generated an enormous body of literature. |
