The evidence with respect to the validity of Ricardian Equivalence ________
A) suggests that it matters little whether government debt is held by the central bank or by the public
B) clearly provides support for the argument
C) clearly refutes the argument
D) is difficult to interpret, since so many factors may affect national saving
D
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In the fall of 2012, more than three years after the end of the recession, the unemployment rate remained just below 8% and nearly half of the unemployed had been out of work for at least six months
Unemployment had been so high for so long, that many economists had begun speaking of the "new normal", in which unemployment rates might be stuck at higher levels for many years. If this "new normal" does materialize, these higher unemployment rates would most likely be the result of ________ unemployment. A) frictional B) cyclical C) structural D) seasonal
All Americans take advantage of public goods and merit goods to the same degree
Indicate whether the statement is true or false