The term supply-side economics refers to _____
A) macroeconomic policy that focuses on a leftward shift of the aggregate demand curve through tax cuts or other changes to increase production incentives.
B) microeconomic policy that focuses on a leftward shift of the aggregate supply curve through tax cuts or other changes to increase production incentives.
C) macroeconomic policy that focuses on a rightward shift of the aggregate supply curve through tax cuts or other changes to increase production incentives.
D) microeconomic policy that focuses on a rightward shift of the aggregate supply curve through tax cuts or other changes to increase production incentives.
E) macroeconomic policy that focuses on a rightward shift of the aggregate demand curve through tax cuts or other changes to increase production incentives.

Question

Quizplus · Accepted Answer

Supply-side economics refers to macroeconomic policies that focus on increasing production incentives and shifting the aggregate supply curve to the right, typically through tax cuts or other changes that reduce regulation and promote investment. The goal is to cultivate economic growth by stimulating the supply of goods and services, rather than relying on demand-side policies that focus on increasing consumer spending.

The Term Supply-Side Economics Refers to _____