Author Question: Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes ... (Read 192 times)

CORALGRILL2014 · **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.

mcarey591 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

c

CORALGRILL2014 · **Reply #2 on:** Jun 30, 2018

Correct answers!

mcarey591 · **Reply #3 on:** Jun 30, 2018

Great! Please up vote

Author Question: Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes ... (Read 192 times)

CORALGRILL2014

Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes ...

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mcarey591

Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes ...

CORALGRILL2014

Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes ...

mcarey591

Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes ...