Assume that the Ricardian equivalence theorem is not relevant. Explain why an income-tax-rate cut should affect short-run

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Assume that the Ricardian equivalence theorem is not relevant. Explain why an income-tax-rate cut should affect short-run equilibrium real GDP.

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:42 PM

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Assume that the Ricardian equivalence theorem is not relevant. Explain why an income-tax-rate cut should affect short-run

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