Oh yes, and when the economy is in a given state you are only allowed to move along one curve. The curves are allowed to intersect, but you can’t change which curve you are moving along when doing re-distribution. The explanation I just added of why the curves are allowed to intersect may help.
Oh yes, and when the economy is in a given state you are only allowed to move along one curve. The curves are allowed to intersect, but you can’t change which curve you are moving along when doing re-distribution. The explanation I just added of why the curves are allowed to intersect may help.