13. Suppose the government reduced the tax rate on income from savings. a. Who would benefit from...
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13. Suppose the government reduced the tax rate on income from savings.
a. Who would benefit from this tax reduction most directly?
b. What would happen to the capital stock over time?
What would happen to the capital available to each worker? What would happen to productivity?
What would happen to wages?
c. In light of your answer to part (b), who might benefit from this tax reduction in the long run?
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