Which category of consumption spending tends to be the most stable over the business cycle?
a. Nondurable consumer goods
b. Durable consumer goods.
c. Services.
d. all of these categories of consumer spending are highly unstable over the business cycle.
a
Economics
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As Sally increases her consumption of a good, she experiences diminishing marginal utility if her total utility
A) increases at a constant rate. B) increases at a decreasing rate. C) increases at an increasing rate. D) decreases.
Economics
The civilian labor force consists of:
a. all civilians over the age of 16. b. the employed plus the unemployed who are not in the military. c. only individuals who are actually at work during a given week. d. civilians who are not in prisons or mental hospitals.
Economics