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Business, 01.08.2019 01:30 cchsemily4651
Economists who believe in sound finance would say that in a recession, the government should: run a budget deficit because the ricardian equivalence theorem is true both in theory and in practice. run a budget deficit despite the truth of the ricardian equivalence theorem. maintain a balanced budget because the ricardian equivalence theorem is true in practice. maintain a balanced budget for political and moral reasons.
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Economists who believe in sound finance would say that in a recession, the government should: run a...
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