Multiple Choice
Which of the following rankings accurately lists the major components of consumption expenditure in terms of their volatility over the business cycle?
A) Nondurables > durables > services
B) Durables > nondurables > services
C) Durables > services > nondurables
D) Services > durables > nondurables
E) Nondurables > services > durables
Correct Answer:
Verified
Correct Answer:
Verified
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