Which of the following groups was NOT affected by the redistribution effect?
A)farmers in the 1930s
B)oil producers in the 1980s
C)home owners in the 1970s
D)social security recipients in the 1970s

Question

Quizplus · Accepted Answer

The redistribution effect refers to the way in which changes in economic conditions can redistribute income and wealth among different groups in society. Social security recipients in the 1970s were not directly affected by the redistribution effect, as their income was supported by government transfer payments that were not subject to the same market forces as other forms of income. In contrast, farmers in the 1930s, oil producers in the 1980s, and homeowners in the 1970s all experienced significant changes in their income and wealth as a result of economic factors such as changing commodity prices, inflation, and interest rates.

Which of the Following Groups Was NOT Affected by the Redistribution