For this question, assume that the Ricardian Equivalence proposition does not hold. Briefly discuss the short- run, medium- run and long- run effects of a fiscal expansion (e.g. tax cut).

Question

Quizplus · Accepted Answer

The Answer of For this question, assume that the Ricardian Equivalence proposition does not hold. Briefly discuss the short- run, medium- run and long- run effects of a fiscal expansion (e.g. tax cut).

For This Question, Assume That the Ricardian Equivalence Proposition Does