The _____ shows that when incentives to work and produce are hampered by a high federal marginal income tax, reducing the marginal tax might actually increase the total tax revenue.
A) investment/saving-liquidity preference/money supply model
B) Phillips curve
C) Laffer curve
D) aggregate supply-aggregate demand framework
Correct Answer:
Verified
Q58: Reducing tax rates can _ aggregate demand
Q110: The main idea behind supply-side economics is
Q110: A problem with supply-side fiscal policies is
Q113: In terms of the Laffer curve, when
Q114: Which action is an example of a
Q115: Which of the following is true regarding
Q116: The graph that plots hypothetical tax revenues
Q190: Policies that _ will expand the economy
Q201: The solution to the simultaneous presence of
Q295: _ is known for showing that a
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