Question
Which of the following statements is true about supply-side economics?
Answer: Option A
Answer: (a)
The Laffer Curve says that, if marginal tax rates fall, tax revenues will rise, and the budget deficit will decrease.
Supply-side economics is a macroeconomic theory that gives economic growth can be most effectively created by investing in capital and by lowering barriers to the production of goods and services.
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Answer: (a)
The Laffer Curve says that, if marginal tax rates fall, tax revenues will rise, and the budget deficit will decrease.
Supply-side economics is a macroeconomic theory that gives economic growth can be most effectively created by investing in capital and by lowering barriers to the production of goods and services.
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