Nature of Business Cycles
These are the swings in national income, output and employment causingexpansion and contraction in most of the sectors of the economy.
Cyclical patterns are neither smooth nor regular.
These cyclical patterns are observed over a long time period, most generallyfrom 20 to 30 yrs.
Samuelson Nordhaus Comments 
No exact formula, such as might apply to the revolutions of the planets or of a pendulum, can be used to predict the duration andtiming of business cycles. Rather, in their irregularities, businesscycles more closely resemble the fluctuations of the weather……The cycles are like mountain ranges, with different levels of hillsand valleys. Some valleys are very deep and broad………..