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Dating business cycle turning points. However, the next study about exclusively high school students shows that eighth grade test scores specifically play a key role in the growing gap between high school students and their graduation rates. This work did not generate interest among classical economists, though underconsumption theory developed as a heterodox branch in economics until being systematized in in the 1930s.

There are many reasons why the pace of technological innovation varies. Note: The author is collecting new data to match the original data for consistency. As inventories dwindle, businesses eventually use down their inventories to the point where they are short.

Business Cycle - Thus, irregularity in the pace of innovations in new products or processes becomes a source of business fluctuations.