Historically,consumption spending in the United States has _____.
A)fluctuated greatly with changes in the level of income
B)remained approximately constant as a percentage of income
C)decreased as a percentage of income
D)varied inversely with the inflation rate
E)varied inversely with the interest rate

Question

Quizplus · Accepted Answer

Consumption spending in the United States has remained approximately constant as a percentage of income over time, indicating a stable relationship between income and spending habits of consumers. However, there may be short-term fluctuations in response to changes in economic conditions such as interest rates, inflation, and consumer confidence.

Historically,consumption Spending in the United States Has _____