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Economists often refer to supply-sider arguments as voodoo economics because A) Ronald Reagan and Margaret Thatcher practiced black magic. B) lower tax rates do not
Economists often refer to supply-sider arguments as "voodoo economics" because
A) Ronald Reagan and Margaret Thatcher practiced black magic.
B) lower tax rates do not create incentive effects.
C) lower tax rates affect only aggregate demand, not aggregate supply.
D) tax cuts increase real GDP.
E) in practice, tax cuts have not led to increased tax revenues
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