A Reduction in the Capital Gains Tax, Often Advocated by Proponents

question 117

Multiple Choice

A reduction in the capital gains tax, often advocated by proponents of supply-side economics, is supposed to stimulate increased

• A)consumer spending.
• B)net exports.
• C)investment spending.
• D)government spending.

---

Definitions:

Charles I

A 17th-century king of England, Scotland, and Ireland, whose conflicts with parliament led to the English Civil War and ultimately his execution in 1649.

Anglican Book

Refers to a book of liturgy or religious doctrine used by the Anglican Church, such as the Book of Common Prayer.

Common Prayer

Refers to the set of prayers or worship practices used in common by a religious community, notably seen in the Book of Common Prayer in Anglican tradition.

Oliver Cromwell

A leading figure in English history, who led the Parliamentary forces during the English Civil War and later ruled as Lord Protector.