According to Ricardian Equivalence, consumers may not respond to a tax
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
ANSWER
C
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