Which of the following believe that lower tax rates will increase the incentives to work,invest,and produce?
A)Keynesians.
B)New classical economists.
C)Monetarists.
D)Supply-siders.

Question

Quizplus · Accepted Answer

Supply-siders believe that lower tax rates will increase the incentives to work, invest, and produce, which will lead to greater economic growth and revenue for the government in the long run. This is based on the idea of the Laffer Curve, which suggests that at a certain point, tax cuts can actually increase government revenue by stimulating economic activity. Keynesians, on the other hand, believe in government intervention to stimulate demand in times of economic downturns, while new classical economists and monetarists focus on the role of monetary policy in stabilizing the economy.

Which of the Following Believe That Lower Tax Rates Will