A ________ tax system is one in which tax rates increase with taxable base incomes

Supply-siders believe that high tax rates are a disincentive to labor supply

a. True b. False Indicate whether the statement is true or false

Changing the reserve requirement is

A. Effective in changing excess reserves but not the money supply. B. A powerful tool that can cause abrupt changes in the money supply. C. The most often-used tool on the part of the Fed. D. A tool that has little impact on the money supply.