Anchor: 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.
Entailed: We expect the wealth effect to have a small increase in spending.
Contradiction: The consumption of a saver is irrational for the entire life cycle.
Contradiction: Its running costs were 15 thousand a year and were easily payed by the Empire.
Contradiction: A family enjoying Christmas.
Contradiction: A cat with a collar.
Contradiction: The boaters follow each other.