An increase in the interest rate will increase the demand for loanable funds

Supply-side economists argue that less government spending will

a. result in less economic stabilization b. result in more crowding out c. lower both rates of unemployment and inflation d. lower the interest rate and lower private investment e. lower the interest rate and raise private investment

Which is of the following is an example of a progressive tax?

a. An excise tax on a luxury good b. An income tax whose rate increases as income increases c. Medicare tax, which is a percentage of income d. A payroll tax that does not increase beyond a certain level of income