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Economist Arthur Okuns 1975 book Equality and Efficiency The Big T,atkuff highlights the tension between equally disttibuting tile economic pie (equality, or equity) and generating

Economist Arthur Okuns 1975 book Equality and Efficiency The Big T,atkuff highlights the tension between equally disttibuting tile economic pie (equality, or equity) and generating the greatest possible economic pie (efficiency). Explain how the game played by Mellors and Neroin

Section 6.4 illustrates Okun's trade-off.

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