Economists who believe the supply-side effects of tax cuts are small essentially believe that

Question

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Economists who believe that the supply-side effects of tax cuts are small generally argue that the main effect of tax cuts is to increase aggregate demand, leading to increased economic activity in the short run. They believe that tax cuts do not significantly affect the long-run supply-side factors such as labour supply, productivity, and capital formation, and therefore have limited impact on the economy in the long run.

Economists Who Believe the Supply-Side Effects of Tax Cuts Are