Explain the theory of supply-side economy

2 answers:

7 0

Supply-side economics is a macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation. According to supply-side economics, consumers will then benefit from a greater supply of goods and services at lower prices and employment will increase.

Mariulka [41]3 years ago

6 0

The assumptions are that if you cut taxes and costs for companies, then the company owners and investors will be able to bring about the growth of economy and employ more pepople. The benefits were that the economy entered a peacetiime and people were generally living better. The bad side was that public debt increased by a lot and this would come back to haunt the people later after Reagan was long gone.

Answer: Boycotting basically

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HELP ASAP!!! WILL GIVE BRAINLIEST!!!!! What was one challenge Barack Obama faced when he became president?

OleMash [197]

<u>ANSWER:</u>

The correct option is A: The country was in recession.

<u>EXPLANATION:</u>

When Obama became the president in 2009, the country was in great recession and financial crisis. Obama's main challenge was to fight and do away with the recession of 2008 that had hit the country hard.

Obama was successful in fighting this recession. He not only announced an economic stimulus package for the country but also cut taxes and funded public works.