Multiple Choice
To convey the point about supply-side economics, economist Arthur Laffer likened taxpayers to:
A) The ancient Greeks and the government to the ancient Romans
B) Sea passengers on the Titanic and government to the icebergs
C) Western pioneers in the United States and government to railroads
D) Travelers through Sherwood Forest and the government to Robin Hood
Correct Answer:

Verified
Correct Answer:
Verified
Q13: If wages and other input prices are
Q37: In the graphs below, Q<sub>P</sub> refers to
Q38: If the government uses expansionary monetary or
Q39: Equilibrium in the long run occurs when:<br>A)
Q41: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the
Q43: Disinflation can be explained by the Phillips
Q45: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the
Q47: Adverse aggregate-supply shocks or stagflation would cause
Q75: A rightward shift of the Phillips Curve
Q85: The Phillips Curve shows a positive relationship