The Demand for Housing Is Characterized by a Regular Pattern

question 12

Multiple Choice

The demand for housing is characterized by a regular pattern of increasing to a peak,then falling.When the demand reaches a low point,it then repeats the pattern.This pattern usually takes place over a three- to five-year period.This is an example of which type of demand pattern?

• A)Autocorrelation
• B)Seasonality and cycles
• C)Step change
• D)Trend

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Definitions:

Memory Function

A cognitive process that involves the encoding, storing, and retrieving of information over time.

Working Memory

A mental mechanism with restricted capability, tasked with temporarily maintaining data for processing purposes.

Long-Term Storage

The phase of memory in which information is retained for extended periods, potentially for a lifetime.

Recency Effect

In free recall, the tendency to recall items at the end of the list more readily than those in the middle.