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Author Question: Critics of the supply-side tax cuts proposed by the Reagan administration argued that lower taxes ... (Read 211 times)

CORALGRILL2014

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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.


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mcarey591

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


CORALGRILL2014

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Reply #2 on: Jun 30, 2018
Correct answers!


mcarey591

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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