Explain whether or not you agree with the premise of the Ricardian equivalence theory that rational people

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Explain whether or not you agree with the premise of the Ricardian equivalence theory that rational people might reason: “Well, a higher budget deficit (surplus) means that I’m just going to owe more (less)

taxes in the future to pay off all that government borrowing, so I’ll start saving (spending) now.” Why or why not?

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Principles Of Macroeconomics

ISBN: 9781711471471

3rd Edition

Authors: OpenStax

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Question Posted: Nov 12, 2024 09:00 AM

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Explain whether or not you agree with the premise of the Ricardian equivalence theory that rational people

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Principles Of Macroeconomics

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