A key idea behind _____ was that the federal government, by lowering tax rates, would increase after-tax wages, which would provide incentives to increase the supply of labor and other resources.
A) demand-side economics
B) supply-side economics
C) the invisible hand
D) laissez-faire philosophy
E) Keynesian economics

Question

Quizplus · Accepted Answer

The key idea described is central to supply-side economics, which argues that cutting taxes on businesses and high earners will stimulate economic growth by incentivizing them to invest more and hire more workers.

A Key Idea Behind _____ Was That the Federal Government