Examlex
Edward Thorndike based his "law of effect" on which of the following observations?
Lowering Tax Rates
The act of reducing the percentage at which income or corporate profits are taxed, which can affect economic behaviors and government revenues.
Supply-siders
Economists who believe reducing barriers for people to produce (supply) goods and services, like lower taxes, will stimulate economic growth.
Curing Recessions
Efforts and policies aimed at stimulating economic recovery and ending periods of economic decline.
Keynesian Economics
As formulated by John Maynard Keynes, this school believed the private economy was inherently unstable and that government intervention was necessary to prevent recessions from becoming depressions.
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