Multiple Choice
To force politicians to judge whether government spending is worth the costs, some economists have argued for:
A) a balanced-budget rule for fiscal policy.
B) a constant money-growth rule for monetary policy.
C) avoiding the assumption of any contingent liabilities.
D) the application of Ricardian equivalence.
Correct Answer:
Verified
Correct Answer:
Verified
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Q16: The logic of Ricardian equivalence implies that:<br>A)
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