Part IV (15 pts. total) A. Illustrate and briefly explain the Laffer Curve. Carefully label & graph: (3 pts) List 4 types of changes in human behavior suggested by this curve: (2) a. b C. d. From the lectures in class, explain one historical Explain TANSTAAFL and the Austrian example of the successful use of supply side criticism of contemporary Keynesian supply side tax policy: (2 pts) policies: (2 pts) B. 1) Illustrate the consumption function 2) Explain the fiscal policy that and the corrective fiscal policy for would be recommended for a contraction (recession). a contractionary gap (recession). (2 points) (2 points)