Explain how and why there is a difference between how the nominal shares of durable goods, nondurable

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Explain how and why there is a difference between how the nominal shares of durable goods, nondurable goods, and services in total consumption expenditures changed from 1960 to 2010 as opposed to when those shares are measured in real terms.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:23 AM

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Explain how and why there is a difference between how the nominal shares of durable goods, nondurable

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While nominal spending by households on services rose from less than onehalf of all consumption expe...View the full answer

Macroeconomics

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