Multiple Choice
Given the way Social Security is financed,which of the following is true?
A) Social Security results in a transfer of income from the old to the young
B) Social Security results in a transfer of income from the young to the old
C) Social Security has a neutral effect on the nation's income distribution
D) The purchasing power of the elderly has been diminished by Social Security taxes
E) (a) and (d)
Correct Answer:
Verified
Correct Answer:
Verified
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