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Author Question: The implicit assumption behind the Economic Recovery Tax Act of 1981, which cut the individual ... (Read 78 times)

formula1

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on: Apr 19, 2019

Question 1

The Economic Recovery Tax Act of 1981 allowed firms to depreciate their capital at a very rapid rate for tax purposes. This


◦ increased the tax liability of firms and discouraged them from investing.
◦ decreased tax liability and encouraged investment.
◦ increased the tax liability of firms and encouraged them to invest.
◦ decreased tax liability and discouraged investment.

Question 2

The implicit assumption behind the Economic Recovery Tax Act of 1981, which cut the individual income tax rate by 25% over three years, was that


◦ the economy was on the negatively sloped portion of the Laffer curve.
◦ the economy was on the positively sloped portion of the Laffer curve.
◦ tax rate reductions will stimulate demand in the economy and move the economy to full employment.
◦ tax rate reductions will decrease supply in the economy and therefore choke off the high rate of inflation that the economy was experiencing.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by formula1 on Apr 19, 2019

princessflame2016

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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formula1

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Reply 2 on: Apr 19, 2019
Gracias!

dantucker

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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