According to Ricardian Equivalence,the Key Consequence of an Increase in the Budget

question 54

Multiple Choice

According to Ricardian equivalence,the key consequence of an increase in the budget deficit that arises from a tax cut is ________.

• A)a decrease in private investment
• B)an increase in inflation
• C)an increase in the public's holding of government bonds
• D)an increase in the supply of money

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