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    Macroeconomics Study Set 11
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    Exam 22: Fiscal Policy: a Summing up
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    Suppose the Ricardian Equivalence Proposition Holds (I
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Suppose the Ricardian Equivalence Proposition Holds (I

Question 52

Question 52

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Suppose the Ricardian Equivalence proposition holds (i.e.,it is correct).What does this imply about the ability of fiscal policy to affect GDP? Explain.

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The Ricardian Equivalence proposition de...

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