23. The Ricardian equivalence theorem 8ays 寢 (A) whatever the level of government experiaea, Gonsumption is the same. 心 (B) whatever the timing of taxes, consumption is the same- (0) higher government expenses reduoe conaumption, (D) an increase in currert consumption has to. lead to sg decrease im future con_ 當 SumPptfion. An increase in the value ofieollaterajlfor the oonstumer (A) has no effect 放 the corisumers.collateral oonstraint binds. (5B) increases current consurmption if the Gollgteral constraint binds. (C) reduces consumptjon 詩the ceollateral constraint binds. (0D) inereases income 放 條e oollateral constraint does not bind. 29 he 說 by New Keynesjan transmission mechanism for monetary policy_ is characterized 外Luw 443 + CK (A) helicoptler drops of money, (58) banks using money jnjeotions for business ]oans.