題組內容
3. (15%)Suppose the government decide to issue tax cuts to stimulate the economy
(b) What are the main arguments against the Ricardian Equivalence? Explain your arguments and discuss the effect of tax cut when the Ricardian Equivalence fails.
3. (15%)Suppose the government decide to issue tax cuts to stimulate the economy
(b) What are the main arguments against the Ricardian Equivalence? Explain your arguments and discuss the effect of tax cut when the Ricardian Equivalence fails.