EBK MACROECONOMICS (FOURTH EDITION)
EBK MACROECONOMICS (FOURTH EDITION)
4th Edition
ISBN: 9780393616125
Author: Jones
Publisher: YUZU
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Chapter 16, Problem 6E

a)

To determine

Ricardian equivalence applied in this case and consumption respond according to the argument.

b)

To determine

Show the answer change if some individuals borrowing constrained.

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Answer question a, b, d, and e
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