Which condition would generate a violation of the Ricardian Equivalence?
A) downward sloping labor supply curve
B) underdeveloped credit markets
C) inflationary monetary policy
D) deflationary monetary policy
B
Economics
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Which of the following is not considered a factor contributing to economic growth?
a. Growth in the quantity and quality of labor resources used b. Growth in physical capital inputs (machines, tools, buildings, and inventories) c. Growth in the money supply relative to the growth of final goods and services d. Government protection of property rights
Economics
Explain how the free-market mechanism adjusts prices so that resource allocation is economically efficient.
What will be an ideal response?
Economics