Economic Consequences of an Inequality of Incomes and Wealth A rising inequality of incomes and wealth has had two economic consequences, one, relating to secular stagnation and two, the deterioration of American education. Describe the pecuniary and non-pecuniary costs of a deteriorating American education system and how the rising inequality of incomes and wealth has helped produce secular stagnation in the American economy.

Economic Consequences of an Inequality of Incomes and Wealth A rising inequality of incomes and wealth has had two economic consequences, one, relating to secular stagnation and two, the deterioration of American education. Describe the pecuniary and non-pecuniary costs of a deteriorating American education system and how the rising inequality of incomes and wealth has helped produce secular stagnation in the American economy.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 6CQQ

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