Ricardian equivalence means that:
A. changes in private savings offset any changes in the government deficit.
B. changes in exports offset any changes in the government deficit.
C. changes in imports offset any changes in the government deficit.
D. changes in investment offset any changes in the government deficit.
Answer:A
Ricardian equivalence means that:
A. changes in private savings offset any changes in the government deficit. B. changes in exports offset any changes in the government deficit. C. changes in imports offset any changes in the government deficit. D. changes in investment offset any changes in the government deficit.
Explanation: Type: Multiple Choice