Take the following as truth: For example, some households live paycheck-to-paycheck and might spend all of a tax cut, whereas other households might spend only a portion; a Ricardian household might save all of a tax cut in anticipation of future tax increases.
Then the following statement: "Every household that lives paycheck-to-paycheck is expected to save as much of their tax cut as possible." is true, false, or inconclusive?
Answer: False