According to the Ricardian Equivalence Theorem, Government Deficits Do Not

question 3

Multiple Choice

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

• A)save more when government deficits decrease.
• B)save more when government deficits increase.
• C)consume more when government deficits increase.
• D)do not change consumption nor savings.

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