A Basic Criticism of Supply-Side Economics Is That

Multiple Choice

A basic criticism of supply-side economics is that

A) empirical research clearly shows that incentives to work and invest vary directly with marginal tax rates.
B) lower taxes will increase aggregate supply much more than they will increase aggregate demand.
C) lower taxes will increase aggregate demand much more than they will increase aggregate supply.
D) higher taxes will reduce incentives to work, invest, and innovate.