Author Question: The Ricardian equivalence implies that A) the level of government spending has no impact. B) the ... (Read 81 times)

clippers! · **on:** Jun 30, 2018

The Ricardian equivalence implies that

A) the level of government spending has no impact.
B) the level of taxes has no impact.
C) the distribution of government expenses though time has no impact.
D) the distribution of taxes through time has no impact.

Question 2

M1 does not include cash that is held in ATMs or bank vaults, because ________.

A) no one really owns that money
B) that money is included in M2
C) that money earns no interest
D) the right to access that money is counted already as bank deposits
E) none of the above