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Triss [41]
3 years ago
14

Which was a fundamental element of supply-side economics?

History
2 answers:
BartSMP [9]3 years ago
6 0

Answer:

Lowering taxes

Explanation:

    Supply-side economics is an economic current that emerged in the 1970s, whose analysis was focused on the effect of decreasing tax burdens on key macroeconomic variables such as productivity, employment, inflation, output and income. .

    In the Supply side's view of the economy, lowering taxes, without necessarily having to cut Public Expenditure, leads to economic growth, as it allows companies and other agents of the Offering to invest the tax savings they earn and, therefore create more jobs, increase productivity and generate more profits. In this context and according to this view, despite lower tax rates, it is possible to increase total tax revenues.

    They are usually seen as leading representatives of this view, and their position in the context of economic theory sometimes overlooked by mainstream economists, Robert Mundell, Arthur Laffer and Paul Craig Roberts, and journalist Robert Bartley.

Jlenok [28]3 years ago
5 0
Economic deregulation was a fundamental element of supply-side economics. Supply-side economics are known for lowering taxes and lessening the regulations.<span>
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