A basic contention of supply-side economists is that regulatory costs are now too ________ and cause AS to shift to the ________.
A)low;right
B)low;left
C)high;right
D)high;left

Question

Quizplus · Accepted Answer

Supply-side economists argue that high regulatory costs reduce the overall supply in the economy, causing the Aggregate Supply (AS) curve to shift to the left.

A Basic Contention of Supply-Side Economists Is That Regulatory Costs