Consumer-durables-expenditure ratio in a recession

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Reference no: EM131107470

The ________ nature of consumer durables expenditures ________ a significant drop in the personal-saving-and-consumer-durables-expenditure ratio in a recession.

1) procyclical, helps produce

2) countercyclical, helps produce

3) procyclical, prevents

4) countercyclical, prevents

Reference no: EM131107470

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