Author Question: Personal consumption expenditures include all of the following EXCEPT spending on A) consumer ... (Read 124 times)

littleanan · **on:** Jun 29, 2018

Personal consumption expenditures include all of the following EXCEPT spending on

A) consumer durable goods.
B) consumer nondurable goods.
C) consumer services.
D) new housing.

Question 2

Suppose that the exchange rate between the dollar and the peso changed from 6 pesos per dollar to 8 pesos per dollar. This change means that the

A) peso appreciated.
B) dollar depreciated.
C) peso depreciated.
D) Both answers A and B are correct.