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Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985

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BuyFindarrow_forward

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
ISBN: 9781337091985
Textbook Problem

Explain how each of the following policies redistributes income across generations. Is the redistribution from young to old or from old to young?

a. an increase in the budget deficit

b. more generous subsidies for education loans

c. greater investments in highways and bridges

d. an increase in Social Security benefits

Subpart (a):

To determine

Redistribution of income.

Explanation

An increase in budget deficits redistributes income from young to old. This is because future generations ha...

Subpart (b):

To determine

Redistribution of income.

Subpart (c):

To determine

Redistribution of income.

Subpart (d):

To determine

Redistribution of income.

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