In the Data,which of the Following Is Most Volatile

question 24

Multiple Choice

In the data,which of the following is most volatile?

• A) real GDP
• B) consumption of durables
• C) consumption of nondurables
• D) consumption of services
• E) aggregate income

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Definitions:

Unit Of Account

A standard numerical monetary unit of measurement that provides a consistent way of quoting prices and conducting economic transactions.

M1

A category of the money supply that includes physical currency and coin, demand deposits, traveler's checks, and other checkable deposits.

Savings Deposits

accounts held at financial institutions that allow deposits and withdrawals and are subject to modest interest rates.

Commodity Money

Money that has intrinsic value and can be used for purposes other than as a medium of exchange, such as gold or silver.