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Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860Macroeconomics 9th Edition by David Colander
Edition 9ISBN: 978-0077501860 Exercise 18
According to the Ricardian equivalence theorem, what is the effect of deficit spending on each of the following:
a.he interest rate and private investment.emonstrate your answer using the supply and demand for loanable funds.
b.utput in the economy.emonstrate your answer with the AS / AD model.
a.he interest rate and private investment.emonstrate your answer using the supply and demand for loanable funds.
b.utput in the economy.emonstrate your answer with the AS / AD model.
Explanation
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(a) According to the Ricardian equivalen...
Macroeconomics 9th Edition by David Colander
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