Wavenumber Wavenumber In the physical sciences, the wavenumber (also wave number or repetency) is the spatial frequency of a wave, measured in cycles per unit distance or radians per unit distance. Whereas temporal frequency can be thought of as the number of waves per unit time, wavenumber is the number of waves per unit distance. In multidimensional systems, the wavenumber is the magnitude of the wave vector. The space of wave vectors is called reciprocal space. Wave numbers and wave vectors play an essential role in optics and the physics of wave scattering, such as X-ray diffraction, neutron diffraction, and elementary
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