In 2008, Consumers Were Mailed a Stimulus Check in Response

question 52

Multiple Choice

In 2008, consumers were mailed a stimulus check in response to the recession. The result showed that Ricardian equivalence:

• A) held, as most people spent a substantial share of the money.
• B) failed to hold, as most people spent a substantial share of the money.
• C) held, as most people saved the money.
• D) failed to hold, as most people saved the money.

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Definitions:

Professional Robbers

Individuals who engage in theft or robbery as their main occupation, often with high levels of planning and skill.

Legitimate Work

Employment or tasks that are lawful and recognized as valid and respectable within society.

Relative Deprivation Theory

A sociological view that posits individuals feel deprived not on the basis of objective conditions, but by comparing their situation to others'.

Frustration

Frustration is the feeling of being upset or annoyed as a result of being unable to change or achieve something.