Which of the Following Statements Is True

question 38

Multiple Choice

Which of the following statements is true ?

• A) Above the optimal tax rate, a reduction in tax rates along the downward-sloping portion of the Laffer curve would increase tax revenues.
• B) According to supply-side fiscal policy, lower tax rates would shift the aggregate demand curve to the right, expanding the economy and creating some inflation.
• C) The presence of the automatic stabilizers tends to destabilize the economy.
• D) To combat inflation, Keynesians recommend lower taxes and greater government spending.

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Definitions:

MRP

Material Requirements Planning, a system for calculating the materials and components needed to manufacture a product.

ERP

A kind of software known as Enterprise Resource Planning is employed by organizations to oversee routine business functions like accounting, procurement, project management, and manufacturing.

SCM

The administration of the process by which materials, information, and financial assets move from suppliers to producers, followed by wholesalers and retailers, and concluding with the consumer, is what constitutes Supply Chain Management.

POM

Production and Operations Management, which focuses on the process of producing goods and managing the operations of a manufacturing or service organization.