Considering All U

question 65

Multiple Choice

Considering all U.S.taxpayers,average tax revenue paid (adjusted for both inflation and the number of returns) went from $6,954 to $6,202 between 1980 and 1991.Many analysts point to these figures and claim them as proof that

• A) the Laffer curve does not exist.
• B) the Laffer curve exists.
• C) supply-side fiscal policy works.
• D) fiscal policy has no effects.
• E) monetary policy is better than fiscal policy.

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