| 单词 | Ricardo-Barro Effect |
| 释义 | Ricardo-Barro EffectDefinition A theory in economics that assumes an increase in government spending plans reduces the demand for loan-able funds. It suggests that when there is a reduction in government spending and increase in tax, there will be an increase in household and firm savings and a reduction in individual spending, which can have detrimental effect on a country's economy growth. |
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