When government policies are enacted,
a. equality can usually be enhanced without an efficiency loss, but efficiency can never be enhanced without a reduction in equality.
b. efficiency can usually be enhanced without a reduction in equality, but equality can never be enhanced without an efficiency loss.
c. it is always the case that either efficiency and equality are both enhanced, or efficiency and equality are both diminished.
d. None of the above are correct.
d
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When the value of the British pound changes from $1.25 to $1.50, the pound has ________ and the U.S. dollar has ________
A) appreciated; appreciated B) depreciated; appreciated C) appreciated; depreciated D) depreciated; depreciated
Give an example of an automatic stabilizer. Explain how automatic stabilizers work in the case of recession
What will be an ideal response?