The Ricardian Equivalence Proposition Is NOT Supported by Evidence,because

Multiple Choice

The Ricardian equivalence proposition is NOT supported by evidence,because

A) consumers may respond to the current tax cut by increasing their desired consumption.
B) consumers may increase their saving to respond to future tax increase.
C) consumers do not change their consumption because they expect an increase in future tax rates.
D) a cut in current tax does not affect the ultimate tax burden borne by consumers.