An economic model that maintains that a higher rate of taxation can result in lower government revenues is called __________
a. the Buffet rule
b. the Laffer curve
c. the OMB factor
d. progressive taxation
b
Political Science
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Economic criticisms of Keynesian theories include
A. government spending programs take too long to enact to help the economy. B. government spending is easier to start than to stop. C. it is much easier to raise taxes than to cut them. D. it is not easy to keep the money supply growing by a steady amount every year. E. Options A and B are true.
Political Science
In the Old System, discussed by the text, a new federal proposal was debated based on
A. legitimacy. B. transparency. C. duplication. D. effectiveness. E. justiciability.
Political Science