Mechanics of gelation distinction between a sol (solution) and a gel therefore appears to be understood in a manner analogous to the practical distinction between the elastic and plastic deformation ranges of a metal. The distinction lies in the ability to respond to an applied shear force via macroscopic viscous flow. In a dynamic sense, the response of a gel to an alternating force (oscillation or vibration) will depend upon the period or frequency of vibration. As indicated here, even most simple liquids will exhibit some elastic response at shear rates or frequencies exceeding 5 x 10 cycles per second. Experiments on such
Welfare cost of business cycles output gap. Under this viewpoint, the welfare cost of business cycles is larger, because an economy with cycles not only suffers more variable consumption, but also lower consumption on average. If we consider two consumption paths, each with the same trend and the same initial level of consumption – and as a result same level of consumption per period on average – but with different levels of volatility, then, according to economic theory, the less volatile consumption path will be preferred to the more volatile one. This is due to risk aversion on part of individual agents. One way to