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Ao9 Ao9
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8 years ago
When there are credit market frictions, Ricardian equivalence may not hold because
A) consumers cannot understand the implications of the government budget constraint.
B) an increase in government saving is matched one-for-one by a decrease in private saving.
C) social security is fully-funded.
D) a tax cut in the present with a future increase in taxes works effectively like a loan.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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8 years ago
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Ao9 Author
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#2
8 years ago
Solved!!
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#3
8 years ago
You're welcome Wink Face Message me if you need any more assistance with your other questions.
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