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

Question

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Economists who believe the supply-side effects of tax cuts are small argue that tax cuts primarily affect aggregate demand, rather than aggregate supply. These economists often focus on the short-term effects of tax cuts on consumer and business spending, arguing that the boost in demand primarily comes from increased spending, rather than increased production.

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