The Ricardian equivalence theorem states that
A) spending on national defense is a direct expenditure offset.
B) an increase in government spending by the federal government leads to offsetting reductions in state government spending.
C) government spending financed by taxes is equivalent to government spending financed by borrowing.
D) an increase in government spending financed by higher taxes has no effect on aggregate demand.
Question 2
The mean of a data set is the:
A) product of all values divided by the number of values.
B) sum of all different values multiplied by the number of values.
C) difference between the highest value and the lowest value.
D) sum of all different values divided by the number of values.
Spotted hyena in Amboseli National Park, Kenya
Spotted hyenas greeting one another in Kruger National Park
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