Question
This construct was supposedly sketched on a napkin during a dinner to convince Gerald Ford of its value. For 10 points each
[10h] Name this curve representing the relationship between tax rates and government revenue.
ANSWER: Laffer Curve
[10m] Arthur Laffer championed this theory, which advocates cutting taxes, reducing regulations, and promoting free trade for enhanced economic growth rather than relying on “effective demand.” Critics of its usage by Ronald Reagan mocked it as “trickle down” economics.
ANSWER: supply-side economics
[10e] During Reagan’s presidency, this measure of the general rise of the price for goods and services decreased from 13% to 4%.
ANSWER: inflation
<Social Science - Social Science - Economics>
Data
Summary
| Tournament | Edition | Exact Match? | Heard | PPB | Easy % | Medium % | Hard % |
|---|---|---|---|---|---|---|---|
| Snowball Fight 2 | 1/11/2025 | N | 3 | 20.00 | 100% | 67% | 33% |
| 2024 FARSI @ Columbia | 12/08/2024 | Y | 12 | 20.00 | 75% | 67% | 58% |
| 2024 FARSI @ Columbia | 12/08/2024 | Y | 9 | 15.56 | 78% | 67% | 11% |