One Implication of the Laffer Curve in Supply-Side Arguments Is

question 113

True/False

One implication of the Laffer Curve in supply-side arguments is that cutting taxes may actually reduce the budget deficit, contrary to what traditional economics teaches.

---

Definitions:

Innovation Process

The sequence of activities that an individual or organization undertakes to conceive, develop, and implement new ideas or products.

Heuristics

Mental shortcuts or rules of thumb that allow individuals to make decisions quickly and efficiently, but sometimes at the cost of accuracy.

Group

A number of individuals or things considered together because of similarities or a common purpose.

Team

A group of people brought together to use their individual skills on a common project or goal.