Supply-Side Economics Is Based Primarily on

question 60

Multiple Choice

Supply-side economics is based primarily on

• A)stimulation of the business (supply)component.
• B)government stimulation of consumer demands.
• C)a repudiation of trickle-down theory.
• D)increases in taxation.
• E)increases in government regulation.

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Definitions:

Income Inequality

The uneven distribution of income within a population, leading to disparities in wealth and living standards.

Taxes And Transfers

Taxes and transfers involve government activities related to collecting revenues through various forms of taxation and redistributing income through welfare programs and other transfers to support social objectives.

Taxes

Mandatory financial charges imposed by governments on individuals, businesses, or transactions to fund public expenditure.