The least volatile component of current consumption expenditure is ________,and the changes in its relative importance help explain why the volatility of overall consumption has ________ since the 1950s.
A)nondurable goods,risen
B)nondurable goods,fallen
C)durable goods,stayed the same
D)durable goods,fallen
E)services,stayed the same

Question

Quizplus · Accepted Answer

Services are the least volatile component of current consumption expenditure, and their relative importance has increased since the 1950s. This shift towards a larger share of consumption being spent on services has contributed to the decreased volatility of overall consumption.

The Least Volatile Component of Current Consumption Expenditure Is ________,And