CUET Economics 2025 14 May Shift 1 PYQs

The 'Ricardian equivalence' view argued that in the face of high deficits, people save more. It is called 'equivalence' because it argues that taxation and borrowing are equivalent means of ...........

1. Financing expenditure
2. Financing borrowing
3. Financing Taxation
4. Financing deficit

The government policy affecting the personal disposable income of households by making transfers and collecting taxes is known by...........

Identify from the following, the three functions that operate through the expenditure and receipts of the government are ......