If Ricardian Equivalence Holds

question 223

Multiple Choice

If Ricardian equivalence holds:

• A) taxpayers respond to lower tax rates today with increased savings today.
• B) taxpayers respond to lower tax rates today with increased spending today.
• C) consumption smoothing is less important than when Ricardian equivalence doesn't hold.
• D) changes in fiscal policy are more likely to have a larger impact on aggregate demand.

Understand the basic concepts and types of auctions.

Analyze the effects of bidder behavior and strategies in different auction formats.

Identify the implications of competition among bidders in auction outcomes.

Recognize the role of collusive behaviors like bid-rigging and how they impact auction outcomes.

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