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Question
Which of the following emphasizes incentives and tax cuts as a means of increasing economic growth?
Which of the following emphasizes incentives and tax cuts as a means of increasing economic growth?
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Solution
The correct option is D Supply-side economics
Supply-side economics is a
macroeconomic theory that argues economic growth can be
most effectively created by investing in capital and by lowering barriers on
the production of goods and services. It also emphasizes that incentives and tax cuts will achieve
economic growth.
Supply-side economics is a macroeconomic theory that argues economic growth can be most effectively created by investing in capital and by lowering barriers on the production of goods and services. It also emphasizes that incentives and tax cuts will achieve economic growth.
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