ABSTRACT
Different economic cycles have different amplitudes. Income–price ratio variance is the determining factor of consumption and income distribution cycles. Less income inequality, higher consumer price level, more rapid consumption growth and more rapid economic growth will lead to a greater amplitude of the income distribution cycle. An increase in price elasticity of supply or a decrease in price elasticity of demand can heighten the amplitude of the price adjustment cycle. Long service lives of consumer durables and infrequent product innovation correspond to increased amplitudes of the replacement demand cycle and the innovation demand cycle. Rapidly increasing export share leads to great reductions in the amplitudes of consumer demand and economic cycles. A greater industry multiplier means the same consumer demand growth rate will translate into a greater industrial output growth rate. The transformations of consumption structure and industrial structure can also change the amplitude of the economic cycle.
