Which Category of Consumption Spending Tends to Be the Most

question 39

Multiple Choice

Which category of consumption spending tends to be the most stable over the business cycle?

• A)​Nondurable consumer goods.
• B)​Durable consumer goods.
• C)​Services.
• D)​all of these categories of consumer spending are highly unstable over the business cycle.

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Definitions:

Duke of Guise

A title in the French nobility, historically significant for its holders' roles in the Wars of Religion and the Catholic League in France.

Henry of Navarre

King Henry IV of France, known for his role in ending the French Wars of Religion through the Edict of Nantes.

Henry III

King of England from 1216 until his death in 1272, known for his long reign, conflicts with nobility, and role in the development of parliament.

Huguenot Bourbon

Refers to members of the Bourbon dynasty who were Huguenots, French Protestants, in a predominantly Catholic France, highlighting the religious complexities within the royal family.