17 Nov 2021
Problem 11
Page 759
Section: REVIEW QUESTIONS
Chapter 31: The Impacts of Government Borrowing
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17 Nov 2021
Introduction
Ricardian equivalence generally talks about the government spending from the tax resources which have direct implication on the overall economy of the respective country.
This theory was developed by David Ricardo in the early 19th century and later this theory was elaborated by Harvard professor Robert Barro.
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