Why do you think that investment is more variable over the business cycle than consumer spending? Which

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Why do you think that investment is more variable over the business cycle than consumer spending? Which category of consumer spending do you think would be most volatile: durable goods (such as furniture and car purchases), non-durable goods (such as food and clothing) or services (such as haircuts and medical care)? Why?

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Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

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