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 195 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?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Insert the needle with the beveled side up. Keep the angle low, 10 to 30 degrees. Insert the needle with the beveled side up. Keep the angle low, 10 to 30 degrees.
medication administration medication administration
Common modifications of amino acid side chains in proteins Common modifications of amino acid side chains in proteins
Fascial mobilization techniques. (A) Fascial mobilization on the lower back using the palm. (B) ... Fascial mobilization techniques. (A) Fascial mobilization on the lower back using the palm. (B) ...
Effleurage as a finishing and transition technique. Finish the left side with effleurage moving back ... Effleurage as a finishing and transition technique. Finish the left side with effleurage moving back ...
Lateral view of right side of brain Lateral view of right side of brain
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library