The movement of individuals and households from one income quintile to another over time is calledMulliple Choiceincome mobility.the ratchet effect.income averaging.wealth turnover.

In an economy, income of the people changes over time with the change in market condition and an…

Answered: The movement of individuals and…

The movement of individuals and households from one income quintile to another over time is called Multiple Choice income mobility. the ratchet effect. Income averaging wealth turnover

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter15: The Distribution Of Income And Poverty

Section15.1: Some Facts About Income Distribution

Problem 2ST

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The movement of individuals and households from one income quintile to another over time is called
Mulliple Choice
income mobility.
the ratchet effect.
income averaging.
wealth turnover.

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