If Ricardian Equivalence Holds,fiscal Policy Has No Effect on Either

question 261

True/False

If Ricardian equivalence holds,fiscal policy has no effect on either inflation or real growth.

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Definitions:

Telephone Charge

A fee assessed for the provision of telephone service, including local and long-distance calls.

Vendor

A person or company offering something for sale, especially a trader in the retail industry, dealing specifically with goods or services.

Strict Product Liability

A legal doctrine that holds sellers, distributors, or manufacturers liable for injuries caused by defective products to consumers, without the need to prove negligence.

Proximate Cause

In tort law, the connection between the unreasonable conduct and the resulting harm. Proximate cause is determined by asking whether the harm that resulted from the conduct was foreseeable at the time of the original negligent act.