Question
Explain whether or not to agree with the premise of the Ricardian equivalence theory that rational people might reason: Well, a higher budget deficit (surplus)
Explain whether or not to agree with the premise of the Ricardian equivalence theory that rational people might reason: "Well, a higher budget deficit (surplus) means that I am just going to owe more (less) taxes in the future to pay off all that government borrowing, so I will start saving (spending) now." Why or why not?
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
