Supply-side economic theory holds that people who benefit from a tax rate reduction will spend their tax windfall on consumption goods.
Answer the following statement true (T) or false (F)
False
Supply-side economic theory predicts that people who benefit from a tax rate reduction will invest their tax windfall in new economic ventures.
You might also like to view...
Which of the following is not true about preparing a check?
a. The signature box should be defaced; b. All aspects of the check should be reviewed for correctness; c. The check stub should be completed; d. The written amount should be followed by a line to fill in any remaining space; e. The check should be dated.
Define the term "core applications" and give some examples
Employees who are not motivated tend to perform just as effectively as those who are motivated
Indicate whether the statement is true or false.
An interest in the future that arises in a third party is called a(n):
A) reversion. B) remainder. C) assignment. D) fee simple absolute.