cyclical fluctuation

cyclical fluctuation

see BUSINESS CYCLE.
Cyclical fluctuationclick for a larger image
Fig. 35 Cyclical fluctuation. The pronounced short-term swings in output growth rates over the course of the BUSINESS CYCLE, around a rising long-term trend growth line for the country's GROSS NATIONAL PRODUCT.

cyclical fluctuation

the short term movements, both upwards and downwards, in some economic variable around a long-term SECULAR TREND line.

See DEMAND MANAGEMENT.