The output and employment in the automobile industry tends to be more sensitive to fluctuations in the economy than in the medical care industry.

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The automobile industry is considered a cyclical sector, meaning its performance is highly sensitive to changes in the economic cycle. During economic downturns, consumers are less likely to make large purchases like cars, leading to reduced output and employment in the automobile industry. In contrast, the medical care industry is relatively stable as it provides essential services that are in constant demand, regardless of the economic situation.

The Output and Employment in the Automobile Industry Tends to Be