The Great Gatsby curve described

A. the relationship between raucous parties and economic activity.

B. the relationship between income inequality and the unionization rate.

C. the share of income accruing to the top 1% versus the bottom 50%.

D. the relationship between income inequality and intergenerational mobility.

The "Great Compression" was

A. the invention of Spanx.

B. the decrease in income inequality from the late 1920s through the mid-1950s.

C. the increase in income inequality from the early 1970s through the present.

D. none of the above.