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Author Question: According to Ricardian Equivalence, consumers may not respond to a tax cut ________. A) if that ... (Read 59 times)

nmorano1

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on: Jun 30, 2018
According to Ricardian Equivalence, consumers may not respond to a tax cut ________.
 
  A) if that tax cut is directed solely at upper income groups
  B) if that tax cut is directed solely at lower income groups
  C) since they understand a tax cut today will lead to a tax increase in the future
  D) if they lack patriotic fervor

Question 2

The effect on the level of income of a given increase in the money stock is
 
  a. irrelevant to the interest elasticity of money demand.
  b. greater the lower the interest elasticity of money demand.
  c. greater the higher the interest elasticity of money demand.
  d. None of the above


carojassy25

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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