Question

Which of the following was NOT advocated by "Supply-Side Economics"? Group of answer choices extensive government...

Which of the following was NOT advocated by "Supply-Side Economics"?

Group of answer choices

extensive government involvement in economic decision-making.

a decrease in government regulation of businesses.

cuts in corporate and personal income taxes.

an increase in incentives to work, save and invest.

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Homework Answers

Answer #1

Solution:

The supply side economics suggests that the government involvement in economic affairs should be lowered (or regulations be lowered) and taxes should be decreased, such that the exchange between buyers and sellers be at low prices, so the supply would increase further resulting in greater employment opportunities.

Thus, from the given options, we can easily see that the answer for NOT a part of 'supply side economics' is (A) extensive government involvement in economic decision making.

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