According to Supply-Side Economics,when Operating in the Upper Portion of the Laffer

question 126

Multiple Choice

According to supply-side economics,when operating in the upper portion of the Laffer curve,tax cuts result in

• A)interest rate increases.
• B)productivity decreases.
• C)income decreases.
• D)tax revenue increases.
• E)savings decreases.

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Definitions:

Cage

An enclosure made of wires or bars designed to hold animals or birds.

Sick

A state of not being in good health or suffering from an illness.

Schedule-induced Behavior

Behavior that occurs at a higher frequency due to the introduction of a schedule of reinforcement or punishment.

Reinforcements

Stimuli or outcomes that strengthen the probability of a behavior's occurrence, either by presenting a positive stimulus or removing a negative one.