Consider the following statement: "A deficit during a war can be a good thing. First, the deficit is temporary, so after the war is over, the government can go right back to its old level of spending and taxes. Second, given that the evidence supports the Ricardian equivalence proposition, the deficit will stimulate the economy during wartime, helping to keep the unemployment rate low."

Which of the following parts of the statement are not correct?

Choice $1$ of $5$:$"$ First, the deficit is temporary, so after the war is over, the government can go right back to its old level of spending and taxes."

Choice $2$ of $5$:$"$ Second, given that the evidence supports the Ricardian equivalence proposition, the deficit will stimulate the economy during wartime, helping to keep the unemployment rate low."

Choice $3$ of $5$:Only A is incorrect.

Choice $4$ of $5$:Only B is incorrect.

Choice $5$ of $5$:Both A and B are incorrect.

Grading comment:

Is anything in the statement correct?

Choice $1$ of $4$:Yes. Deficits are always temporary.

Choice $2$ of $4$:Yes. The Ricardian equivalence proposition generally holds.

Choice $3$ of $4$:No$.$ There is nothing correct in the statement.

Choice $4$ of $4$:Yes. A deficit during a war can be a good thing.