A fully funded social security program ..... O A. works when the population growth rate exceeds the real interest rate. O B. is always better than a pay-as-you-go system. O C. redistributes income...

Extracted text: A fully funded social security program ..... O A. works when the population growth rate exceeds the real interest rate. O B. is always better than a pay-as-you-go system. O C. redistributes income between generations. O D. solves the Ricardian equivalence problem. O E. is forced savings, but can work if the government cannot commit to bailing out destitute retirees.