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 212 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?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Thorax side Thorax side
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Woman (formerly a.k.a. the Venus of Willendorf), Lower Austria. Woman (formerly a.k.a. the Venus of Willendorf), Lower Austria.
A typical module-controlled high-side driver (HSD) where the module itself supplies the electrical ... A typical module-controlled high-side driver (HSD) where the module itself supplies the electrical ...
A View of the Left Side of the Brain A View of the Left Side of the Brain
A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ... A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ...
Video: Biological organic compounds

For a complete list of videos, visit our video library