Refer to Figure 18-5. The highest 20 percent of households
A) earn 24 percent of the society's total income. B) earn 28 percent of the society's total income.
C) earn 42 percent of the society's total income. D) earn 72 percent of the society's total income.
B
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Salary smoothing, automatic payroll deductions, and early withdrawal penalties are all examples of:
A. mechanisms imposed by companies to extract more from their workers and customers. B. policies that do not fundamentally alter decisions because they do not change the benefits or costs of an action. C. precommitments. D. hardwired heuristics.
Which of the following events would produce an upward shift in the consumption function, other things being equal?
A. an increase in consumer wealth B. a decrease in consumer wealth C. a decrease in autonomous consumption D. an increase in the price level