Refer to the Following Figure When Answering the Following Questions

Multiple Choice

Refer to the following figure when answering the following questions.
Figure 16.4: Personal Saving Rate: 1990-2010
-Consider Figure 16.4. A possible cause for the change in the saving rate after about 2007 is:

A) precautionary saving.
B) consumption smoothing.
C) a falling discount factor.
D) rising marginal utility of consumption.
E) the aging of the baby boomers.