Which one of the following macroeconomic theories is most closely associated with the Laffer curve?
A) Monetarism
B) New classical economics
C) Keynesian economics
D) Supply-side economics
E) The theory of rational expectations
Correct Answer:
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Q33: Milton Friedman and others,citing imperfections and mistakes
Q34: One major assumption of the theory of
Q35: Supply-side economists believe that,in general,
A)by raising tax
Q36: Keynesian economists tend to believe that the
Q37: Supply-side economists would say that tax rates
Q39: Systematic error is most clearly associated with
A)rational
Q40: According to monetarists
A)changes in the money supply
Q41: Most modern monetarists believe that
A)the capitalist system
Q42: Rational expectations refer to
A)the use of all
Q43: Which one of the following statements best
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