Which of the Following Is Emphasized by Supply-Side Economics

question 47

Multiple Choice

Which of the following is emphasized by supply-side economics?

• A) the effect of budget deficits on interest rates and aggregate demand
• B) the effect of government spending on aggregate demand, output, and employment
• C) the effect of marginal tax rates on aggregate supply
• D) the effect of budget deficits on the rate of taxation in the future

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Definitions:

Accept the Offer

Agreeing to the terms or conditions presented in an offer, thereby entering into a binding contract.

Contractual Capacity

The threshold mental capacity required by law for a party who enters into a contract to be bound by that contract.

Contract

A contract is a legally binding agreement between two or more parties, enforceable by law.

Consideration

The value (such as money, service, or goods) exchanged between parties in a contract which makes the agreement legally binding.