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3. A. Label and illustrate the B. What four kinds of human behavior explain the Laffer Curve: shape of this graph? 1) 2) 3) 4)
3. A. Label and illustrate the B. What four kinds of human behavior explain the Laffer Curve: shape of this graph? 1) 2) 3) 4) C. According to supply side economists, what particular kind of fiscal policy does this justify? D. Give one historical example of supply side economics from the lectures. E. What is TANSTAAFL and how does it explain the Austrian criticism of Keynesian supply side economics? T.A.N.S.T.A.A.F.L.: Explanation: 3. A. Label and illustrate the B. What four kinds of human behavior explain the Laffer Curve: shape of this graph? 1) 2) 3) 4) C. According to supply side economists, what particular kind of fiscal policy does this justify? D. Give one historical example of supply side economics from the lectures. E. What is TANSTAAFL and how does it explain the Austrian criticism of Keynesian supply side economics? T.A.N.S.T.A.A.F.L.: Explanation
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