The increase in spending at any one time due to the wealth effect would be expected to be small, given a life-cycle saver's tendency to spread consumption of a significant change in wealth over time.
We expect the wealth effect to have a small increase in spending.
The consumption of a saver is irrational for the entire life cycle.
Pandas deserve your love and attention just as much as any person does.
They are walking through the fields.
The time this takes is nothing compared to having children.
US industrial companies use a lot of Japanese techniques.
Two people are dog sledding.
He uses a cart to push it around instead of lifting it himself.