Real consumption tends to be
A) procyclical and less variable than real GDP.
B) procyclical and more variable than real GDP.
C) countercyclical and less variable than real GDP.
D) countercyclical and more variable than real GDP.
A
You might also like to view...
Define the shutdown point. Explain why the firm shuts down in the short run if the price falls below this point
What will be an ideal response?
What can a union do in order to raise the wages of its members?
What will be an ideal response?
If using the same resources, the U.S. workers can produce more of any good than Mexican workers, then the United States should produce every good
a. True b. False Indicate whether the statement is true or false
Specialization in production is beneficial because
a. it allows everyone to have a job that they like. b. it permits people to expand production and achieve rates of output that would otherwise be unattainable. c. it allows everyone to be self-sufficient. d. it eliminates the need for the division of labor.