Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Robert Reich described the virtuous cycle of falling inequality in his movie. What were his main points? That falling inequality will help grow the middle

Robert Reich described the "virtuous" cycle of falling inequality in his movie. What were his main points?
That falling inequality will help grow the middle clast (where most of the spending happens) and thus stimulate the economy and leave more tax revenue for important programs like education, which further stimulates the economy
That falling inequality will cause many Americans to be able to retire earlier, and this opens up jobs for newcomers
All of the answers listed
That falling inequality will reduce the incentives to work 80 hours per week, and thus will lead Americans to take more leisure (making us similar to European countries where quality of life tends to be higher)
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometric Analysis

Authors: William H. Greene

8th Edition

978-0134461366, 0134461363

More Books

Students also viewed these Economics questions

Question

Identify conflict triggers in yourself and others

Answered: 1 week ago