13. Bernanke relates education and equality Ben Bernanke, the Chairman of the Federal Reserve, said... that an expansion of educational opportunities could help limit the economic inequality that has increased considerably in the last 30 years. ... [Bernanke] said that... globalization and the arrival of new technologies, two root causes of economic inequality, could eventually lead to economic growth, and that slowing them down "would cause further damage what long-term benefits ". Instead, the chairman of the Federal Reserve said that the best method of improving economic opportunities for Americans was to focus on raising the level of education and access to it. Said workers would be provided with better skills and innovation in the private sector it would have no limits "As we consider improving education and skills, we must also see more beyond traditional basic education and the system 4-year college ... to recognize that education must be permanent and may have many shapes, "Bernanke said. ... "Preschool education, community colleges, vocational schools, on-the-job training, courses in online, adult education, all are proven means of enhancing skills and increasing purchasing power for life. International Herald Tribune, June 5, 2008. a. Explain how the two main causes work of the increase in economic inequality in United States, identified by Bernanke. b. Draw a graph to illustrate how the two main causes of increasing inequality economic generate this result. c. What are the short-term costs and long-term benefits associated with these two causes of inequality? d. Explain Bernanke's solutions to address growing income inequality.