If a government expanded its deficit and Ricardian equivalence held, what impact would this have on national

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If a government expanded its deficit and Ricardian equivalence held, what impact would this have on national income? What assumptions are required for Ricardian equivalence to hold? How plausible do you think these assumptions are? Why or why not?

Posted Date: May 07, 2024 05:01 AM

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If a government expanded its deficit and Ricardian equivalence held, what impact would this have on national

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Expert Answer:

Ricardian equivalence is an economic theory that suggests that changes in government borrowing and deficits do not have an impact on national income o... View the full answer

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