Asked by Grace Nguyen on Jun 03, 2024
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Explain supply-side economics.
Supply-side Economics
An economic theory that advocates reducing taxes and decreasing regulation to stimulate economic growth by increasing supply of goods and services.
- Familiarize oneself with the basic tenets of Keynesian economics and supply-side economics, and understand their consequences on fiscal policy.
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JG
jassie GrewalJun 07, 2024
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Supply-side economics is the economic theory used by the Reagan administration to justify reducing taxes on investment, profits, and income and reducing government regulation of industry to promote economic prosperity.
Supply-side economics is the economic theory used by the Reagan administration to justify reducing taxes on investment, profits, and income and reducing government regulation of industry to promote economic prosperity.
Learning Objectives
- Familiarize oneself with the basic tenets of Keynesian economics and supply-side economics, and understand their consequences on fiscal policy.