Which of the following components of consumer spending is the most cyclical?

Question

Quizplus · Accepted Answer

Durable goods, such as cars and appliances, are typically the most cyclical component of consumer spending as they are often viewed as discretionary purchases and are more sensitive to changes in the economy and consumer confidence. Nondurable goods, such as food and clothing, are typically less cyclical as they are necessities and have relatively stable demand. Services, such as healthcare and education, are also generally less cyclical as they are usually deemed essential and have a relatively stable demand regardless of economic conditions. Agricultural goods may be cyclical, but their demand is more closely tied to factors such as weather and global trade patterns rather than overall economic conditions.

Which of the Following Components of Consumer Spending Is the Most