Multiple Choice
The Barro-Ricardo equivalence proposition relies on
A) the presence of an operational bequest motive
B) the absence of liquidity constraints
C) the presence of liquidity constraints
D) both A and B
E) both A and C
Correct Answer:
Verified
Correct Answer:
Verified
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Q13: Empirical studies of aggregate consumption have shown
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Q16: According to the permanent-income theory, which of
Q18: Which of the following theories of consumption
Q19: In the Fisher diagram, which gives a
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Q22: Hall's random walk-theory of consumption states that