Essay
Assume for the moment that the student-teacher ratio effect on test scores was large enough that you would advocate reducing class sizes in elementary schools. In 1996, the State of California reduced class sizes from K-3 to no more than 20 students across all public elementary schools (Class Size Reduction Act)at a cost of approximately $2 billion. In a short essay, discuss why the general equilibrium effects might differ from the results obtained using experiments.
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