The richest 5 percent of the U.S. population holds approximately ______ percent of total U.S. personal savings

Which of the following statements refers to the wage-price spiral process?

(A) The salary of a worker fluctuates with the amount of sales he or she accomplishes per month. (B) Employees only receive a raise when their purchasing power has been eroded by inflation. (C) An employee loses his or her job, finds a position at another company, and is underemployed. (D) A worker receives a raise, which increases costs for the employer.

The marginal propensity to consume is 0.50, marginal propensity to invest is 0.20, and the marginal propensity to import is 0.05. What is the size of the multiplier?

A) 1.00 B) 2.86 C) 3.00 D) 0.50