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    Exam 15: Social Security and Medicare: How Secure Is Our Safety Net for the Elderly
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    The Following Questions Refer to the Graph Below
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The Following Questions Refer to the Graph Below

Question 11

Question 11

Multiple Choice

The Following Questions Refer to the graph below. The Following Questions Refer to the graph below.   -A change in consumption from C<sub>E</sub> to C<sub>F</sub> could be caused by which of the following? A) The bequest effect B) The retirement effect C) The wealth substitution effect D) All of the above E) None of the above
-A change in consumption from CE to CF could be caused by which of the following?


A) The bequest effect
B) The retirement effect
C) The wealth substitution effect
D) All of the above
E) None of the above

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