Multiple Choice
When different consumers pay different amounts of taxes,Ricardian equivalence may fail because
A) alternative ways of collecting the same tax revenue can affect the distribution of income.
B) consumers can become jealous of one another.
C) such differences in taxes create credit market imperfections.
D) higher taxes on more talented people may be politically popular.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: We use a two-period model because<br>A) the
Q3: If we represents a two-period consumer's lifetime
Q4: Macroeconomists are interested in how consumers respond
Q5: Which condition would generate a violation of
Q6: A permanent decrease in taxes leads to<br>A)
Q7: Which of the following is not a
Q8: For a borrower in a (c,c')graph,the optimal
Q9: If government spending does not change,an increase
Q10: For a lender,an increase in the real
Q11: An increase in first-period income results in<br>A)