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.
c
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A document that promises to pay specified sums of money on specified dates and is a debt to the issuer is called
A) a bond. B) depreciation. C) a stock. D) net investment. E) gross investment.
What is meant by randomization? How does randomization affect the results of an experiment?
What will be an ideal response?
Refer to the above figure. An external cost exists. The amount of that cost is represented by
A) P2. B) Q1. C) the vertical distance between point A and the supply curve S1. D) the distance between C and A.
The total public debt as a percentage of GDP for the United States in 2011 was in the vicinity of
a. 25 percent. b. 70 percent. c. 90 percent. d. 120 percent.