In the Stagflation video,economist Laffer argued that
A) a penny saved is a penny earned.
B) people do not work to pay taxes.
C) demand creates its own supply.
D) output per worker is a poor measure of productivity.
E) expected rates of return on R&D are positively correlated with the rate of inflation.

Question

Quizplus · Accepted Answer

In the Stagflation video, economist Laffer argues that people do not work to pay taxes. He suggests that high taxes act as a disincentive to work and reduce productivity. Therefore, he advocates for lower taxes as a way to stimulate economic growth. None of the other choices reflects his argument in the video.

In the Stagflation Video,economist Laffer Argued That