Answer:
True
Explanation:
Supply side economist Arthur Laffer developed a theory to fully explain this which is known as the Laffer curve . It states :
If taxes are too high along the Laffer Curve, then they will discourage the taxed activities, such as work and
investment, enough to actually reduce total tax revenue. In this case, cutting
tax rates will both stimulate economic incentives and increase tax revenue.
From the theory a reduction in personal tax will prompt the zeal to work. Thereby attracting more people to work and more people to invest in the economy
The correct statement from the excerpt is that reagan uses allusion to remind his audiences of russian authors whose writings support his argument.
<h3>What is an allusion?</h3>
This is a literary device that is used to refer to the indirect reference that is made to a person by another person during a speech.
Allusion is used here to show how Reagan referenced the Russian writers as he made the speech.
Read more on allusion here: brainly.com/question/17728761
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