_______ is the school of thought that emphasizes the role of taxes in the supply of output in the economy.

Question

Quizplus · Accepted Answer

Supply-side economics emphasizes the role of taxes in influencing the supply of output in the economy. It promotes lower tax rates and less government intervention to encourage investment, production, and economic growth. Classical economics and Keynesian economics are more focused on the role of government spending and monetary policy in influencing output and employment. Supply and demand is a basic model used in economics to explain the price and quantity of goods and services in a market.

_______ Is the School of Thought That Emphasizes the Role