question archive The idea that a tax reduction funded by government borrowing has no effect on aggregate demand is known as: a
The idea that a tax reduction funded by government borrowing has no effect on aggregate demand is known as: a
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The idea that a tax reduction funded by government borrowing has no effect on aggregate demand is known as:
a. the Ricardian equivalence theorem.
b. the expenditure-offset theorem.
c. the balanced budget multiplier.
d. the Keynesian Cross.
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