fully funded social security program ..... OA. works when the population growth rate exceeds the real interest rate. O B. is always better than a pay-as-you-go system. O C. redistributes income between generations. O D. solves the Ricardian equivalence problem. DE. is forced savings, but can work if the government cannot commit to bailing out destitute n
fully funded social security program ..... OA. works when the population growth rate exceeds the real interest rate. O B. is always better than a pay-as-you-go system. O C. redistributes income between generations. O D. solves the Ricardian equivalence problem. DE. is forced savings, but can work if the government cannot commit to bailing out destitute n
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:A fully funded social security program
.....
O A. works when the population growth rate exceeds the real interest rate.
O B. is always better than a pay-as-you-go system.
O C. redistributes income between generations.
O D. solves the Ricardian equivalence problem.
O E. is forced savings, but can work if the government cannot commit to bailing out destitute retirees.
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