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CFA Level 1 Exam

3959 Questions

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Question No. 1

Which of the following lend support to supply-side economics?
I. High marginal tax rates discourage additional work effort and reduce productivity.
II. High tax rates increase the costs of supplier resources, leading to inflation.
III. High tax rates affect adversely the efficient channeling of capital.
IV. High marginal tax rates skew the demand preferences of consumers geared toward non-productive
activities.
Choose the correct option from the given list.
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