A decrease in taxes will have no effect on real GDP if

A) the tax decrease is offset by an increase in government spending.
B) people look at changes in taxes only in the present.
C) the Ricardian equivalence theorem holds.
D) there is no crowding out.


C

Economics

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When a system of pollution rights is in effect, polluters have no economic incentive to reduce the amount of pollution they generate

a. True b. False

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Microeconomics is concerned with:

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Harry needs to hire an accountant but does NOT know how to find a good one. The accountant is a(n)

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