Question

Blake Williams has done some research and has discovered that economists believe interest rates will rise significantly over the next two years. Blake believes that this will lead to fewer homes being sold and fewer jobs in the banking and mortgage industries. What type of influence is this an example of?

Answer 1

The type of influence this is an example of is: economic conditions.

Step-by-step explanation:

Economic conditions refer to the state of an economy at a certain point in time. Such conditions evolve through cycles of expansion and contraction over time. They help understand production and consumption activities of the present, and even allow for some future predictions. Factors which can influence economic conditions are deficits, unemployment rates, GDP, etc.