Asked by
Maile Winkleman
on Nov 11, 2024Verified
Supply-side economics emphasized government policies to:
A) restrict aggregate spending and boost aggregate supply.
B) increase minimum wage to improve labor productivity.
C) stimulate real GDP by improving incentives to work.
D) lower interest rates to boost saving.
E) increase government tax revenues in order to increase government purchases.
Supply-Side Economics
An economic theory proposing that by lowering taxes and reducing regulations to stimulate production, economic growth is achievable.
Aggregate Supply
The overall volume of goods and services that companies in a nation expect to provide for purchase during a certain timeframe.
Government Policies
Guidelines, regulations, or laws implemented by a government to influence the economy or meet social goals.
- Evaluate the effectiveness of supply-side economics and its policies.
Verified Answer
GB
Learning Objectives
- Evaluate the effectiveness of supply-side economics and its policies.