Question

Write a short note on the Ricardian equivalence???​

Answer 1

Answer:

What Is Ricardian Equivalence? Ricardian equivalence is an economic theory that says that financing government spending out of current taxes or future taxes (and current deficits) will have equivalent effects on the overall economy. please mark me as brainliest.

Answer 2

Answer:

Ricardian equivalence

The theory that consumers are forward looking and anticipate that government borrowing today will mean a tax increase in the future to repay the debt, and will adjust consumption accordingly so that it will have the same effect on the economy as a tax increase today.

Explanation:

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