QUESTION 8 which of the following is a basic assumption of the Ricardian equivalence theorem? Dif current tax cuts result in budget deficit increases, consumers increase their labor supply today. O Consumers think only in terms of the present. O Consumers consider future tax payments when deciding how much to spend and save today. O Consumers pay no attention to government budget deficits. QUESTION 7 The period betwenn the recognition of a probiem and the implementation of a policy to selve the probiem is

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