The Role of Social Mobility in Reducing Economic Inequality

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What is the primary mechanism through which social mobility can reduce economic inequality?

  1. By increasing the income of individuals from lower socioeconomic backgrounds
  2. By reducing the income of individuals from higher socioeconomic backgrounds
  3. By creating more job opportunities for individuals from all socioeconomic backgrounds
  4. By providing equal access to education and healthcare for individuals from all socioeconomic backgrounds
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