One of the objections to the supply-side economics is that it tends to ignore the effects of tax cuts on aggregate demand.

Question

Quizplus · Accepted Answer

Supply-side economics focuses on increasing the supply of goods and services through tax cuts and other incentives for businesses and individuals, with the belief that this will lead to increased economic growth. However, critics argue that this approach overlooks the potential impact of tax cuts on consumer spending and overall demand for goods and services in the economy.

One of the Objections to the Supply-Side Economics Is That