What did Ronald Reagan obviously believe about the labour supply curve
A)It was perfectly inelastic.
B)It was perfectly elastic.
C)It was relatively inelastic.
D)It was relatively elastic.

Question

Quizplus · Accepted Answer

Reagan's economic policy was built on the idea of supply-side economics, which suggests that tax cuts and other incentives for businesses and individuals can increase productivity and economic growth. This theory relies on the idea that the labour supply curve is relatively elastic, meaning that changes in incentives like pay or working conditions can result in significant shifts in the overall labour force.

What Did Ronald Reagan Obviously Believe About the Labour Supply