The Idea That Aggregate Demand Fluctuates Due to Irrational Waves

question 2

Short Answer

The idea that aggregate demand fluctuates due to irrational waves of pessimism by households and firms is known as _____.

---

Definitions:

Petioles

The stalk that attaches a leaf blade to a stem, enabling support and the transport of nutrients and water.

Nodes

Points of intersection or branching, such as lymph nodes in the immune system or nodes in a network or data structure.

Axillary Buds

Buds located in the axil of leaves that have the potential to develop into branches, flowers, or leaves.

Opposite

Being in a position on the other side; facing something, especially something of the same type or a corresponding part.