One central idea in supply-side economics concerning budget deficits is illustrated by the
A)production possibilities curve.
B)aggregate supply curve.
C)Laffer Curve.
D)Phillips Curve.

Question

Quizplus · Accepted Answer

The Laffer Curve illustrates the idea in supply-side economics that reducing tax rates could potentially increase tax revenue by boosting economic activity, which can impact budget deficits.

One Central Idea in Supply-Side Economics Concerning Budget Deficits Is