Critics of Supply-Side Economic Theory Argue That the Tax Cut

Multiple Choice

Critics of supply-side economic theory argue that the tax cut of 1981

A) shifted the aggregate supply curve to the left.
B) shifted the aggregate demand curve to the left.
C) caused the price level to rise with no change in real GDP.
D) led mainly to dramatic increases in the money supply.
E) did not increase the percent of total income devoted to saving.