Equivalence theorem: A. The equivalence theorem in economics states that the economic effect of tax cuts or debt-financed government spending increases is the same if private households act rationally and anticipate the future burden of tax increases. - B. Physics The equivalence theorem states that in quantum physics, different interactions are equivalent at low energies and large distances. It has a fundamental meaning in physics by establishing a connection between different forces, such as gravity and other fundamental forces._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |