Refer to the Laffer Curve above. A cut in the tax rate from T₅ to T₄ would: A) Decrease tax revenues and support the views of supply-side economists B) Increase tax revenues and support the views of supply-side economists C) Increase tax revenues and support the views of mainstream economists D) Decrease tax revenues and support the views of mainstream economists

Question

Quizplus · Accepted Answer

The Answer of Refer to the Laffer Curve above. A cut in the tax rate from T₅ to T₄ would: A) Decrease tax revenues and support the views of supply-side economists B) Increase tax revenues and support the views of supply-side economists C) Increase tax revenues and support the views of mainstream economists D) Decrease tax revenues and support the views of mainstream economists

Refer to the Laffer Curve Above