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Author Question: During the Reagan administration, the Laffer curve was used to ague that: a. the supply-side ... (Read 261 times)

09madisonrousseau09

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on: Jun 30, 2018
During the Reagan administration, the Laffer curve was used to ague that:
 a. the supply-side effects of tax cuts are relatively small.
  b. discretionary tax cuts are unwise because they create stagflation.
  c. lower income tax rates could increase tax revenues.
  d. a flat tax would simplify the tax code and stimulate economic growth.

Question 2

The relationship between inflation and unemployment shown along a Phillips curve is a(n):
 a. direct relationship.
  b. quadratic relationship.
  c. exponential relationship.
  d. inverse relationship.
  e. parabolic relationship.


ryansturges

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

c

Answer to Question 2

d


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