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The king of a small monarchy decrees an income tax cut in order to stimulate the economy.However, rather than spend the additional income from the

The king of a small monarchy decrees an income tax cut in order to stimulate the economy.However, rather than spend the additional income from the tax cut, the citizens end up saving most of it.This incident __________ Ricardian equivalence theory.

A. Contradicts.

B. Supports.

C. is unrelated to

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