During the Reagan Administration, the Laffer Curve Was Used to Argue

Multiple Choice

During the Reagan administration, the Laffer curve was used to argue that:

A) the supply-side effects of tax cuts are relatively small.
B) discretionary tax cuts are unwise because they create stagflation.
C) lower income tax rates could increase tax revenues.
D) a "flat tax" would simplify the tax code and stimulate economic growth.