If Ricardian equivalence holds, then

Group of answer choices

• a tax cut today financed by tax increases in the future will stimulate consumption.
• a tax cut today financed by tax increases in the future will contract consumption.
• a tax cut today financed by tax increases in the future will have no effect on the aggregate level of consumption.
• a tax cut today financed by tax increases in the future is the best fiscal policy to undertake in a recession where consumption spending is low.