Answer these questions about durable goods and GDP: a. Do consumer nondurable or durable goods tend to

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Answer these questions about durable goods and GDP:
a. Do consumer nondurable or durable goods tend to change more over the course of a business cycle?
b. How are consumer durables like investments?
c. Can either fixed investment or inventory be negative in a given year?
d. Why isn’t all of government spending part of GDP?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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