Question: Consider the (rather implausible) scenario in which the U.S. government phases out all Social Security transfers to retirees. Assuming market are in equilibrium, graph

Consider the (rather implausible) scenario in which the U.S. government phases out all Social Security transfers to retirees. Assuming market are in equilibrium, graph the new saving curve and comment on the effects on the level of saving, investment, and the real interest rate.

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