In 2000, a well-known economist was heard to say, The problem with supply-side economics is that when
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In 2000, a well-known economist was heard to say, “The problem with supply-side economics is that when you cut taxes, they have both supply and demand side effects and you cannot separate the effects.” Explain this comment. Be specific and use the 1997 tax cuts or the Reagan tax cuts of 1981 as an example.
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The supplyside logic is that cutting taxes increases the incentive to work save and inves...View the full answer
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Megha S Vinod
As a teaching associate at seacom skills university for four years I taught multiple subjects related to electrical engineering such as control system, basic electrical , electrical machines, power system, signals and systems, electrical design estimation and costing and many more. I was responsible for the electrical machine 1 lab, electrical machine 2 lab, control system lab , microprocessor lab and analog and digital electronics lab. Currently I am pursuing my M.Tech in Mechatronics Engineering from NITTTR, Kolkata, a centrally funded technical institute.
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Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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