The 'echo effect' refers to the need to replace durable consumer goods sometime, and the subsequent effect this will have on the business cycle.

Name: The 'echo effect' refers to the need to replace durable consumer goods sometime, and the subsequent effect this will have on the business cycle.
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The 'echo effect' refers to the need to replace durable consumer goods sometime, and the subsequent effect this will have on the business cycle.

The 'Echo Effect' Refers to the Need to Replace Durable