In a two-period model, holding everything else constant, an increase in future taxes
A) unambiguously increases the current account surplus.
B) unambiguously decreases the current account surplus.
C) has an uncertain effect on the current account surplus.
D) has no effect on the current account surplus, as long as Ricardian equivalence holds.
D
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Omitted variables
A) can cause hypothesis tests to be unreliable. B) require multiple regression analyses to find. C) are usually those with t-statistics less than the critical value. D) are usually outside the confidence interval.
Suppose Tim has $1,000 in cash on hand to buy collectable baseball cards at a swap meet. Tim often sells these cards at a profit. This is an example of the
A) asset demand for money. B) transaction demand for money C) precautionary demand for money. D) wealth demand for money.
Which of the following would not lead to a change in the supply of chocolate ice cream?
a. a change in productive capacity b. a change in the price of strawberry ice cream c. a change in the price of milk d. a change in the price of chocolate ice cream e. a change in the expected future price of chocolate ice cream
The Millennium Development Goals adopted by the United Nations included environmental criteria.
Answer the following statement true (T) or false (F)