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In Exhibit 15-8, supply-siders claimed that the shift from ASto ASwould occur if thegovernment:12increased tax rates and increased the amount of government regulation.increased tax rates and decreased the amount of government regulation.decreased tax rates and increased the amount of government regulation.decreased tax rates and decreased the amount of government regulation.1 / 1 ptsQuestion 9"Lower marginal tax rates encourage people to work, save, and invest, resulting inmore output and a larger tax base." This statement most closely reflects which of thefollowing schools of economic thought?KeynesianAdam SmithianMarxistSupply-side economics
5/8/2019M13: Quiz: 00A-Spring 2019-Economics Fundamentals CAFE6/60 / 1 ptsQuestion 10IncorrectIncorrectAccording to supply-side economists, lowering corporate income taxes:results in wage hikes for employees but no economic growth.moves society toward greater income equality.checks the expansion of real GDP and employment.stimulates investment and economic growth.Quiz Score:7out of 10