In a 2012 Wall Street Journal Column, Economists Edward Prescott

Multiple Choice

In a 2012 Wall Street Journal column, economists Edward Prescott and Lee Ohanian claimed that, in order to promote faster economic growth, the government should

A) increase tax rates on individuals with high incomes, and leave tax rates on other individuals unchanged.
B) equalize tax rates on all individuals, regardless of how much they earn.
C) decrease tax rates on income and increase tax rates on consumption.
D) increase the after-tax benefits to successful entrepreneurship and risk-taking.