This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes ... (Read 132 times)

CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes would:
 a. increase the budget deficit.
  b. decrease money supply in the economy.
  c. reduce the aggregate price level.
  d. reduce the disposable income of households.
  e. reduce the volume of international trade.

Question 2

As a result of an increase in a product's price:
 a. product supply increases.
 b. product supply decreases.
 c. product supply does not change, but quantity supplied increases.
 d. the impact on product supply is uncertain. Economic theory has no answer to this question.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


CORALGRILL2014

  • Hero Member
  • *****
  • Posts: 525
Reply #2 on: Jun 30, 2018
Correct answers!


mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Percussion for Ascites: Shifting Dullness, Patient on Left Side Percussion for Ascites: Shifting Dullness, Patient on Left Side
Sublingual drug administration. Sublingual drug administration.
lower digestive lower digestive
Right foot from the tibia side Right foot from the tibia side
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
Navel–third eye. Move to the recipient’s right side. Lightly place your left thumb pad between ... Navel–third eye. Move to the recipient’s right side. Lightly place your left thumb pad between ...
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library