Nancy believes that the best way to grow the economy is through tax cuts to increase the incentive to work and invest. Though these tax cuts might initially increase the budget deficit, Nancy is convinced that the economic growth that results will actually increase government tax revenue. Nancy is BEST described as a:

Question

Quizplus · Accepted Answer

Nancy's belief in tax cuts to increase incentives for work and investment align with the principles of supply-side economics. Supply-side economists argue that reducing taxes and regulations will increase the supply of goods and services, ultimately leading to economic growth and increased tax revenue for the government. This is consistent with Nancy's belief that tax cuts will initially increase the budget deficit but will ultimately lead to higher government revenue due to economic growth.

Nancy Believes That the Best Way to Grow the Economy