The So-Called "Equivalence Theorem" Argues That

The so-called "equivalence theorem" argues that:

A) Borrowed government funds are easier to raise than taxes
B) Changes in government borrowing and spending tend to be offset by equivalent adjustments in private borrowing and spending
C) Equal changes in interest rates will result no matter which maturity of securities the Treasury decides to issue into the financial markets
D) Government spending stimulates the private sector to spend at least as much money as the government does
E) None of the above