In Which of the Following Ways Has the British Welfare

question 22

Multiple Choice

In which of the following ways has the British welfare state changed in recent decades?

• A) It has sought more of its funding from personal income taxes instead of corporate taxes.
• B) It has moved away from direct benefits and toward "welfare-to-work" programs.
• C) It has taken on a more Labour-centric structure and moved away from Conservative preferences for welfare.
• D) It has increased in size while providing a narrower range of benefits to citizens.

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Definitions:

Open-market Purchases

Transactions where a central bank buys government securities in the open market to increase the money supply.

Federal Funds Market

A market in which banks lend funds to one another for short-term periods, usually overnight, with interest rates determined by the supply and demand for these loans.

Aggregate Demand

The total demand for goods and services within a particular market, at a given period of time.

Stabilization Policy

Government policies aimed at maintaining economic stability by controlling inflation, reducing unemployment, and promoting growth.