According to This Economic Theory,cutting Taxes Will Increase People's Incentive

question 51

Multiple Choice

 According to this economic theory,cutting taxes will increase people's incentive to work,save,and invest. 

• A) Keynesian economics 
• B) Monetarist economics 
• C) Economic planning 
• D) Supply-side economics 
• E) Credit-based economics

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Definitions:

Testable Predictions

Hypotheses or statements that can be verified or falsified through experimentation or observation.

Principle of Parsimony

A principle suggesting that one should not make more assumptions than the minimum needed to explain something.

Anecdotal Evidence

Information derived from personal stories, experiences, or observations, without scientific backing, often used to support or refute a claim or belief.

Parsimonious

Describing an approach that is simple or economical in nature, often used in scientific theories that prefer the simplest explanation.