How did supply-side economics differ from the Keynesian economic policies that had prevailed since the New Deal era?
A) Supply-side economics called for simultaneous tax cuts, reductions in public spending, and deregulation, which gave private entrepreneurs and investors greater incentives to start businesses, while Keynesian economics favored moderate tax cuts and government increases to stimulate the economy and reduce unemployment.
B) Supply-side economics called for moderate tax cuts and government increases to stimulate the economy and reduce unemployment, while Keynesian economics favored simultaneous tax cuts, reductions in public spending, and deregulation, which gave private entrepreneurs and investors greater incentives to start businesses.
C) Supply-side economics benefited recipients and professional providers of health and welfare programs, while Keynesian economics rewarded the affluent and the business community.
D) Supply-side economists favored higher interest rates than those supported by Keynesian economists.
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