Ricardian equivalence impliesa that when taxes are cut, Ask an Expert

Economics

Ricardian equivalence implies

A) that when taxes are cut people consume more.

B) that when the government borrows more, the market real interest rate goes up.

C) that if the government saves less, then the nation saves less.

D) that consumers will save their tax cuts to pay their future taxes.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91403786

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