Supply-side economics stress that:
A) aggregate demand is the major determinant of real output and aggregate employment.
B) tax rates are not a major determinant of real output and aggregate employment.
C) an increase in government expenditures financed by higher tax rates will cause RGDP to rise.
D) marginal tax rate changes can exert a significant impact on RGDP, even in the long run.
Correct Answer:
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