How progressive redistribution policy can reduce inequality, Microeconomics

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How progressive redistribution policy can reduce inequality

Problem

1. Explain in words why it may take a long time for an innovation to affect the economy's growth rate.

2. Explain in words, two ways that technological progress can increase inequality (i.e. increase the Gini coefficient).

3. Explain in words how progressive redistribution policies can reduce inequality.

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Microeconomics: How progressive redistribution policy can reduce inequality

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Microeconomics: How progressive redistribution policy can reduce inequality

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