Question

Over a span of several years and even decades wavelike increase and decrease in economy influence demand and are called

Answer 1

Answer:

Demand Fluctuations.

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Answer 2

Over a span of several years and even decades wavelike increases and decreases in the economy influence demand and are called cycles.

• The present state of the economy is referred to as the economic cycle.
• This cycle has four stages in total.
• The stages are "expansion, peak, contraction, and trough".
• GDP, interest rates, total employment, and consumer spending are the determining factors of the cycles.
• There has been a wavelike increment and decrement in the economy influence demand for several decades.
• This wavelike increment and decrement are referred to as cycles.

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