Suppose in the country of Miltonia, Ricardian equivalence is
100% true.
A- If Miltonian tax rates fall, what happens to spending? Do
people spend their tax cuts, save the money, or spend some and save
the rest?
B- If there is a rise in Miltonian taxes, what happens to
spending? Do people start spending less, or do they dissave/borrow
more to keep spending at the same rate?
Suppose in the country of Miltonia, Ricardian equivalence is 100% true. A- If Miltonian tax rates fall, what happens to
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Suppose in the country of Miltonia, Ricardian equivalence is 100% true. A- If Miltonian tax rates fall, what happens to
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