The Ricardian Equivalence Theorem Implies That a Change in the Timing

Multiple Choice

The Ricardian Equivalence Theorem implies that a change in the timing of taxes

A) has a positive effect on both consumption and the real interest rate.
B) affects consumption negatively and the real interest rate positively.
C) has a negative effect on both consumption and the real interest rate.
D) affects consumption positively and the real interest rate negatively.
E) has no effect on consumption or the real interest rate.