Experience for the United States Shows That

Multiple Choice

Experience for the United States shows that

A) consumption and GDP grow at about the same rate over the long term with GDP being less volatile over the short-term business cycle.
B) consumption grows slower than GDP over the long term with consumption being less volatile over the short-term business cycle.
C) consumption grows faster than GDP over the long term with consumption being more volatile over the short-term business cycle.
D) consumption and GDP grow at about the same rate over the long term with GDP being more volatile over the short-term business cycle.
E) consumption grows faster than GDP over the long term with GDP being more volatile over the short-term business cycle.