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
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
Chapter1: Making Economics Decisions
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Pls help with below homework.
Answer all three question in just 2-3 sentences.
Transcribed Image Text:QUESTION 8
Which of the following is a basic assumption of the Ricardian equivalence theorem?
O if 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 between the recogrition of a problem and the impiementation of a policy to solve the probiemis
O the action lag
the recognition tag
the political decision lag
the pobcy effec lag
QUESTION 6
The idea that creating incentives for individuals and firms to increase productivity leading to an increase in long run aggate supply is
O the Ricardian equivalence theorem.
O supply side economics
O demand-side economics.
laissez faire economics.
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