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

Throughout U.S. history, the debt-GDP ratio has jumped sharply higher during

A) cyclical expansions. B) stock market crashes. C) wars. D) Presidential election years.

Which of the following statements regarding the unemployment rates in the U.S. between 1971 and 2002 is true?

a. The unemployment among the whites were much lower compared to the non-whites. b. The unemployment rate for all workers reached a low of 2.9 percent in 1982. c. The unemployment rate of both male and female workers have consistently increased from 1971 to 1998. d. The whites had much higher unemployment rates than the nonwhites. e. Teenagers reported the lowest unemployment rates in the country.