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The Economic View That Reducing Tax Rates Will Increase the Incentives

question 122

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The economic view that reducing tax rates will increase the incentives to work and invest and will ensure a high growth rate of the potential output is known as _____ economics.


Definitions:

Price Level

A measure of the average prices of goods and services in the economy.

Graph

A visual representation of data, relationships, or trends through various types of charts such as line, bar, or pie charts.

Year 2021

The period of time that began on January 1, 2021, and ended on December 31, 2021.

Economy

A system by which goods and services are produced, distributed, and consumed within a society or geographical area.

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