Supply side theorists claimed all of the following justifications for their theory, except:
a-Reduced tax rates improve incentives to work and will thereby increase the SRAS
b-Reduced tax rates will improve savings and lead to increased investment spending and increased AD
c-The increases in SRAS and AD will increase Real GDP without affecting the price level
d-The reduction in tax rates will cause massive deficits, however.
e-The government will be able to collect more revenues (Laffer Curve)