Final Exam,How The Middle Class Is Injured By Gains At The Top Flashcards
1
Q
Author of “How the Middle Class is Injured by Gains at the Top” reading 59
A
Frank
2
Q
Main thesis
A
Not investing in things we all need
3
Q
The top spends more money on items and it trickles down
A
Spending cascades
4
Q
Effects (ex.- commutes)
A
-hazardous- traveling farther
5
Q
Freedom from traffic congestion, time with family and friends, vacation time, and a variety of favorable job characteristics
A
Inconspicuous consumption
