Which of the following statements is true?
A) The empirical evidence indicates that countries with higher marginal tax rates have higher economic growth rates.
B) Unlike other policies,supply-side tax cuts have their full impact on an economy instantaneously.
C) The supply-side effects of changes in marginal tax rates take place over lengthy time periods.
D) In the 1960s and 1980s,when the marginal tax rates were reduced,the share of income taxes paid by high-income taxpayers fell.
Correct Answer:
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