Alternative Perspectives on Stabilization Policy End of Chapter Questions Assume you were to draft a...
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Alternative Perspectives on Stabilization Policy – End of Chapter Questions Assume you were to draft a letter to the senator described in Section 17-3. You would need to explain the logic of the Ricardian view of government debt and properly evaluate its practical relevance. What specific issues would be necessary to explain in this letter? Place each concept listed below into the proper category as being either "Relevant" or "Irrelevent" in addressing the differences between the Ricardian equivalence view and the traditional view of the effectiveness of an unfunded tax cut. Relevant Irrelevant Answer Bank Indifference about burdening future generations Capital budgeting to assess the burden of debt Borrowing constraints for typical households Tax smoothing allowing deficits and surpluses Taxpayer myopia about future tax burdens Alternative Perspectives on Stabilization Policy – End of Chapter Questions Assume you were to draft a letter to the senator described in Section 17-3. You would need to explain the logic of the Ricardian view of government debt and properly evaluate its practical relevance. What specific issues would be necessary to explain in this letter? Place each concept listed below into the proper category as being either "Relevant" or "Irrelevent" in addressing the differences between the Ricardian equivalence view and the traditional view of the effectiveness of an unfunded tax cut. Relevant Irrelevant Answer Bank Indifference about burdening future generations Capital budgeting to assess the burden of debt Borrowing constraints for typical households Tax smoothing allowing deficits and surpluses Taxpayer myopia about future tax burdens
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ISBN: 978-0073373645
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Authors: Holton wilson, barry keating, john solutions inc
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