An example of a highly cyclical industry is __________.

Name: An example of a highly cyclical industry is __________.
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Question

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The automobile industry is highly cyclical due to its sensitivity to economic conditions, such as consumer confidence, interest rates, and employment levels. When the economy is strong, people tend to buy more cars, leading to increased production and sales. However, during an economic downturn, people may postpone purchasing a new car, resulting in decreased demand and production.

An Example of a Highly Cyclical Industry Is __________