What will be the effect of the social security system, Macroeconomics

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What will be the effect of the social security system

Problem

The life cycle hypothesis suggests that the propensities of an individual to consume out of disposable income and out of wealth depend on the person's age. What will be the effect of the social security system on your average propensity to consume out of disposable income?

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Macroeconomics: What will be the effect of the social security system

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Macroeconomics: What will be the effect of the social security system

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