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According to the Ricardian Equivalence Theorem, Government Deficits Do Not

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According to the Ricardian equivalence theorem, government deficits do not affect output because people:


Definitions:

Smooth

Relating to or having an even and continuous surface or texture; typically free from perceptible projections, lumps, or indentations.

Involuntary

Occurring without the individual's conscious control; often refers to physiological responses or reflex actions.

Cardiac

Pertaining to the heart and its functions.

Muscle

Tissues in the body that have the ability to contract, making movement possible.

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