ich of the following components of consumption spending typically sees the largest decline in demand during a recession? automobiles food clothing housing

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 12QP
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Q. Q1.

Which of the following components of consumption spending typically sees the largest decline in demand during a recession?

  1. automobiles
  2. food
  3. clothing
  4. housing

 

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