Question

In 1993 the federal government boosted income tax rates. The change in tax revenue that

occurred in the seven years that followed
Select one
a. supported the claims of supply-side economists and the Laffer Curve
b. caused productivity growth to slow
D
C
significantly increased the size of the government's budget deficit
d. contradicted the claims of supply-side economists and the Laffer Curve

Answer 1

Answer: D. contradicted the claims of supply-side economists and the Laffer Curve

Step-by-step explanation: In 1993 the federal government boosted income tax rates. The change in tax revenue that occurred in the seven years that followed: contradicted the claims of supply-side economists and the Laffer Curve.