Question: What is the implicit (that is, unspoken) assumption regarding timing in Arthur Laffer's tax cut argument? a. That there was no money illusion in the
What is the "implicit" (that is, unspoken) assumption regarding timing in Arthur Laffer's tax cut argument? a. That there was no money illusion in the economy b. That all deficit spending would be monetized c. That the government had an effective industrial policy in effect d. That the tax base would expand very rapidly e. That people would willingly pay taxes if Republicans were a majority in both houses of Congress
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