9. Explain how each of the following policies redistributes income across generations. Is the redistribution from young

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9. 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. indexation of Old Age Security benefits to inflation

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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