Supply-side economists believe that,in general,
A) by raising tax rates we can raise tax revenue.
B) by lowering tax rates we can raise tax revenue.
C) tax rates have very little effect on tax revenue.
D) tax rates are much too low.
E) taxes should be abolished.
Correct Answer:
Verified
Q30: According to crude versions of the quantity
Q31: The _ hypothesis is based on the
Q32: The new classical economists are the
A)Keynesians.
B)economic behaviorists.
C)supply-siders.
D)rational
Q33: Milton Friedman and others,citing imperfections and mistakes
Q34: One major assumption of the theory of
Q36: Keynesian economists tend to believe that the
Q37: Supply-side economists would say that tax rates
Q38: Which one of the following macroeconomic theories
Q39: Systematic error is most clearly associated with
A)rational
Q40: According to monetarists
A)changes in the money supply
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