Those who believe in the theory of ________ maintain that the government's role in regulating the economy should be focused on lowering taxes and creating incentives for a more productive and efficient use of resources.

Question

Quizplus · Accepted Answer

The theory described in the statement is associated with supply-side economics, which emphasizes the importance of reducing taxes and regulations to promote economic growth and efficiency. Keynesianism, on the other hand, supports government intervention in the economy to stabilize and stimulate demand. Fiscalism is not a commonly used term in economics, and laissez-faire capitalism advocates for minimal government intervention in all aspects of the economy, not just taxation and resource allocation.

Those Who Believe in the Theory of ________ Maintain That