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The concept of Ricardian equivalence suggests that: a ) Consumers respond to changes in fiscal policy by altering their saving behavior b ) Tax cuts

The concept of "Ricardian equivalence" suggests that:
a) Consumers respond to changes in fiscal policy by altering their saving behavior
b) Tax cuts are more effective than increases in government spending in stimulating aggregate demand
c) Budget deficits have no effect on aggregate demand
d) Government debt has no impact on household consumption decisions

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