The least volatile component of current consumption expenditure is ________, and the changes in its relative importance help explain why the volatility of overall consumption has ________ since the 1950s
A) nondurable goods, risen
B) nondurable goods, fallen
C) durable goods, stayed the same
D) durable goods, fallen
E) services, stayed the same
E
Economics
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If real GDP grows at 3 percent a year, the quantity of money grows at 5 percent a year, and the velocity of circulation is constant, then the price level must be
A) increasing at 8 percent a year. B) decreasing at 2 percent a year. C) increasing at 15 percent a year. D) increasing at 2 percent a year. E) decreasing at 8 percent a year.
Economics
What is a Gini coefficient?
What will be an ideal response?
Economics