A $10 million increase in government spending has the same economic impact as a $10 million tax cut

Employers resist organized labor because its activities threaten the rights of real property in business enterprise

Indicate whether the statement is true or false

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