Ricardian equivalence/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> the argument that government spending will not increase demand because it will prompt taxpayers to save an equivalent amount in order in anticipation of...) |
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the argument that government spending will not increase demand because it will prompt taxpayers to save an equivalent amount in | the argument that government spending will not increase demand because it will prompt taxpayers to save an equivalent amount in anticipation of a resulting tax increase. | ||
Latest revision as of 06:36, 27 March 2009
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Ricardian equivalence [r]: the argument that government spending will not increase demand because it will prompt taxpayers to save an equivalent amount in anticipation of a resulting tax increase.