Multiple Choice
Of the major components of consumption expenditure, which of the
Following has been increasing most rapidly over the past decade or so in the United States?
A) Durables
B) Defense expenditure
C) Nondurables
D) Depreciation expenditure
E) Services
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Which of the following rankings accurately lists
Q15: Let the consumption function be defined by
Q16: In 1968, the Johnson administration passed a
Q17: Suppose someone anticipates a large increase in
Q18: In the event consumers expected a tax
Q20: Let C = 100 + 0.9YDp) reflect
Q21: Forecast errors from the simple Keynesian consumption
Q22: Real GDP in the United States<br>A) exceeds
Q23: Experience for the United States shows that<br>A)
Q24: Let the consumption function be given by