The Ricardian Equivalence Says

question 12

Multiple Choice

The Ricardian Equivalence says

• A) whatever the level of government expenses, consumption is the same.
• B) whatever the timing of taxes, consumption is the same.
• C) higher government expenses reduce consumption.
• D) an increase in current consumption has to lead to a decrease in future consumption.

---

Definitions:

Undifferentiated Schizophrenia

A subtype of schizophrenia wherein symptoms do not clearly fit the categories of paranoid, disorganized, or catatonic types, showing a mixed or fluctuating picture.

Delusions

Fixed and erroneous beliefs that are held despite evidence to the contrary, often seen in psychiatric conditions.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli, which have qualities of real perception.

Disorganized Schizophrenia

A subtype of schizophrenia characterized by disorganized behavior and speech, and inappropriate or flat emotional responses.