The proposition that decreases in taxes that raise the government budget deficit has no effect on aggregate demand is called the
A) open-economy effect.
B) federalism effect.
C) Ricardian equivalence theorem.
D) interest-rate effect.
C
Economics
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Securitization is a process of asset transformation that involves a number of different financial institutions working together. These financial institutions are known collectively as the
A) transformers. B) amalgamation. C) movers and shakers. D) shadow banking system.
Economics
The supply of known Monet paintings is:
A. perfectly elastic. B. perfectly inelastic. C. relatively elastic. D. relatively inelastic.
Economics