Supply-side economists recommend higher marginal tax rates to increase aggregate supply and
real output.
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Q242: The adjustment mechanism that brings the economy
Q243: Supply-side economists contend that aggregate supply is
Q244: The Laffer Curve indicates that lower tax
Q245: Explain the reasoning behind why the long-run
Q246: What is the Phillips curve? What concept
Q248: Compare and contrast the short-run Phillips curve
Q249: Differentiate between "demand-pull" and "cost-push" inflation in
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