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 describes the shifting of income and wealth from one group to another. While farmers in the 1930s, oil producers in the 1980s, and home owners in the 1970s were all affected by economic changes that resulted in a redistribution of income, social security recipients are not a specific group that experiences this effect. Social security recipients may be affected indirectly by changes in the economy, but they are not a group that sees a direct shift in income or wealth.

Which of the Following Groups Was Not Affected by the Redistribution