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smitch6 smitch6
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6 years ago
In a pay-as-you-go system,
A) the young transfer resources to the old.
B) there is no opportunity for saving.
C) young households pay for their retirement directly.
D) the government pays for retirement.
E) the old receive income from assets purchased when they were young.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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