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Business, 25.07.2020 16:01 Wolfb21345
During the early years of the Reagan administration, some of the presidential advisors argued that tax cuts could reduce inflation because they would give people an incentive to produce more. Critics of this argument believed that tax cuts would increase inflation, not reduce it. The critics were arguing that tax cuts move the: Multiple Choice long-run aggregate supply curve to the right with little change in aggregate demand. aggregate demand curve to the left with little change in long-run aggregate supply. long-run aggregate supply curve to the left with little change in aggregate demand. aggregate demand curve to the right with little change in long-run aggregate supply.
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