Question: The PIH and LCH suggest that consumer durable expenditures should be considered separately from expenditures on nondurables and services. Why? How does this distinction alter

The PIH and LCH suggest that consumer durable expenditures should be considered separately from expenditures on nondurables and services. Why? How does this distinction alter the appearance of saving and consumption behavior? Why do some economists argue that consumer durable expenditures should be treated as saving rather than consumption?

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