Multiple Choice
During the Reagan administration, the Laffer curve was used to ague 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.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: Which of the following is an example
Q78: If the marginal propensity to consume (MPC)
Q129: The Laffer curve is based on the
Q131: Supply-side economic policies are designed to shift
Q132: Assume the marginal propensity to consume (MPC)
Q133: According to supply-side economists, lowering corporate income
Q135: If your income increases from $33,000 to
Q136: Assume the marginal propensity to consume (MPC)
Q138: Exhibit 15-2 Aggregate demand and supply model <img
Q139: Supply-side economic policies are designed to shift