One of the Findings of Studies in Behavioral Economics Is

Multiple Choice

One of the findings of studies in behavioral economics is that:

A) business cycles have no impact on consumption patterns.
B) Ricardian equivalence is more prevalent than previously thought.
C) transitory income has no effect on consumption.
D) consumption is more sensitive to current income changes than suggested by the permanent-income hypothesis.
E) people tend to put greater emphasis on future income than on current income.