The question of whether Social Security increases or decreases savings depends mostly on whether the _________ effect
Question:
The question of whether Social Security increases or decreases savings depends mostly on whether the _________ effect outweighs the ________ effect or visa versa.
a. Bequest; asset substitution
b. Bequest; induced retirement
c. Asset substitution; induced retirement
d. Interest; asset substitution
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c Asset substitution induced retirement Explanation Most economists believe that if people had to sa...View the full answer
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