Cycle per second operation. Thus, one becquerel is one event per second "on average", whereas one hertz is one event per second on a regular cycle. Cycle can also be a unit for measuring usage of reciprocating machines, especially presses, in which cases "cycle" refers to one complete revolution of the mechanism being measured (i.e. the shaft of a reciprocating engine). Cycle per second The cycle per second was a once-common English name for the unit of frequency now known as the hertz (Hz). The plural form was typically used, often written cycles per second, cycles/second, c.p.s., c/s, ~, or, ambiguously, just cycles.
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