Which of the Following Is a Demand Reducing Policy

question 7

Multiple Choice

Which of the following is a demand reducing policy?

• A) Lower interest rate
• B) Lower direct taxes
• C) Higher subsidies
• D) Higher income tax

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Definitions:

Conflict Theory

a sociological perspective that views social life as a competition, with individuals and groups competing for power and resources.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his criticism of capitalism and theory of historical materialism.

Émile Durkheim

A French sociologist known for his foundational contributions to the field of sociology, including his studies on social solidarity, religion, and the division of labor.

Herbert Spencer

A British philosopher, biologist, anthropologist, and sociologist known for his contributions to Social Darwinism and the concept of survival of the fittest.