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What does Ricardian equivalence imply about the relative size of the expenditure and tax multipliers?
Probability
A numeric scale from 0 to 1 indicating how probable it is for an event to occur.
Outcomes
The possible results or consequences of an action, experiment, or process.
Classical Probability
Classical probability is a theoretical probability calculation based on the assumption that all outcomes are equally likely and there are a finite number of outcomes.
Choosing
The process of making a selection from a range of options or possibilities.
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