Answer:
C). Both A and B.
Explanation:
A model is demonstrated as the rationalized and clarified form of reality that involves mere significant components by removing the less important aspects or details that would assist in reducing the complexity of the issue.
Any model is built upon forming assumptions as a complex economic issue could not be effectively observed or analyzed until its complexity is not neutralized or reduced and secondly, it is important to simplify the models to enhance its utility and functionality which is the chief aim of any model. Therefore, <u>options A and B</u> both are correct.
Supply side economic has led to lower relative taxes on higher earning citizens in America because a group of economists, journalists, and politicians formed or became adherents of a school of thought called “supply-side economics.” Its three most prominent economists were Arthur Laffer, then at the University of Southern California; Alan Reynolds, then at First National Bank of Chicago; and Paul Craig Roberts, a prominent staff member to various Republican congressional committees and, early in the Reagan administration, the assistant secretary of the Treasury for economic policy.
The journalist who was most committed to supply-side thought was the late Jude Wanniski, an editorial writer for the Wall Street Journal, and Jack Kemp, a Buffalo-area Republican congressman, was the group’s best-known politician. One other early supply-sider, an historian who became a bona fide economist, was Kemp’s aide Bruce Bartlett.
Their argument was basically an application of one of the most important principles in economics: incentives affect behavior. Specifically, they focused on the harm that high marginal tax rates inflict on an economy and the growth in an economy’s real output that can occur if the highest marginal tax rates are reduced.
Rickets is a deficiency disease in children characterized by defective bone growth.
<h3>What is meant by Rickets: a deficiency disease?</h3>
Children who have rickets have to soften and weakening of their bones, which is typically caused by a severe and sustained vitamin D deficit. Rickets can also be brought on by uncommon hereditary issues. It probably derives from the "twisted" sounding German word "wicked." The English physician's Daniel Whistler (1645) and Francis Glisson provided the first precise descriptions of rickets in the seventeenth century (1650). Rickets symptoms include the small height and slow growth Bone fractures, softening of the bones, aches, and pains in the pelvis, spine, arms, and legs dental malformations, skeletal malformations such as bowlegs, and projecting breastbone.
To learn more about Rickets, visit:
brainly.com/question/11856461
#SPJ4
B. Statists
Statists believe the government should have a high level of involvement and solve all problems.
