Asked by Shannen Relova on May 19, 2024
Verified
Each of the following was considered a proponent of supply-side economics except
A) Arthur Laffer.
B) Ronald Reagan.
C) Congressman Jack Kemp.
D) Milton Friedman.
Supply-side Economics
Supply-side Economics is a macroeconomic theory that argues economic growth can be most effectively fostered by lowering taxes and decreasing regulation to increase production.
Milton Friedman
An American economist and Nobel laureate renowned for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.
- Learn about the different approaches to economic thought and their main representatives.
- Grasp the fundamentals of supply-side economics, including the role of tax rates.
Verified Answer
Learning Objectives
- Learn about the different approaches to economic thought and their main representatives.
- Grasp the fundamentals of supply-side economics, including the role of tax rates.
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