Economist Arthur Laffer, Who Developed the Laffer Curve, Believed That

question 52

Multiple Choice

Economist Arthur Laffer, who developed the Laffer Curve, believed that if taxes are raised drastically

• A) people will work less because too much of their income will go to the government.
• B) people will work more because they need to offset money going to the government.
• C) people will demand more from government for their hard work, making government bigger and even more expensive.
• D) more people will become unemployed and collect unemployment benefits.

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