A Macroeconomic Approach to Teaching Supply-Side Economics
Document Type
Article
Publication Date
7-2014
Abstract
A graphical approach shows that in order for the tax revenue to increase, following a reduction in the marginal rate, the increase of aggregate supply must be greater the lower the price level elasticity of aggregate demand.
DOI
https://doi.org/10.1080/00220485.1994.10844813
Publication Information
Kyer, Ben L. and Maggs, Gary E. (2014). "A Macroeconomic Approach to Teaching Supply-Side Economics." The Journal of Economic Education 25.1, 44-48.
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