Match the following statements about the economic models They all explain the microeconomy in different times in history They all suggest that we should have as little government involvement in the economy as possible. Some focus more on fiscal policy issues, others on monetary policy issues, and still others have a blend of both. Ronald Reagan proposed increasing taxes on corporations and the rich, which helped make sure that we had a balanced budget during his terms as President. Milton Friedman was a Keynesian Salma Hayek is an Austrian Economist Sticky prices and wages are considered mostly by the classical economists Adam Smith's theories still work today in all sectors of the economy, largely because nothing significant has changed in the world. Hayek and Keynes are known for their rap music- they helped launch the career of fifty-cent The Laffer curve predicts that as the tax rate rises, tax income first rises, then past a certain point falls. As a result, in some cases, the government can actually take in more tax dollars by cutting the tax rate (because tax cuts stimulate production)