According to David Ricardo, increases in government spending unaccompanied by tax increases will not necessarily increase aggregate demand because a. consumers will consume less and save more to prepare for increased taxes in the future. b. the private sector is more likely than the public sector to spend any extra income on national defense. c. consumers will increase their consumption proportionately more than Keynesian economists believe they will. d. consumers will save less than they otherwise would have.
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “According to David Ricardo, increases in government spending unaccompanied by tax increases will not necessarily increase aggregate demand ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » According to David Ricardo, increases in government spending unaccompanied by tax increases will not necessarily increase aggregate demand because a. consumers will consume less and save more to prepare for increased taxes in the future. b.