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In response to the coronavirus the federal government is borrowing HUGE amounts of money. By the time...

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Economics

Inresponse to the coronavirus the federal government is borrowingHUGE amounts of money. By the time you read this they will borrowan additional 1 trillion dollars this year.
According to the Ricardian Equivalence, how will this affecthousehold's choice of consumption?
please give a 100-words answer

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According to Ricardian Equivalence the governments attempt to stimulate the economy by increased debtfinancing would eventually fail as the consumer demand would remain unchanged According to the theory any    See Answer
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