Classical economists think that lump-sum tax changes
a. should be used to smooth business cycles.
b. have no effect because of Ricardian equivalence.
c. have a powerful effect on the economy.
d. affect aggregate demand after a lag.
Answer: B
Classical economists think that lump-sum tax changes
a. should be used to smooth business cycles.
b. have no effect because of Ricardian equivalence.
c. have a powerful effect on the economy.
d. affect aggregate demand after a lag.
Answer: B
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.