According to supply-side economists, lowering corporate income taxes:
a. results in wage hikes for employees but no economic growth.
b. moves society toward greater income equality.
c. checks the expansion of real GDP and employment.
d. stimulates investment and economic growth.
e. does not create enough incentive for producers to increase production.
d
Economics
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All of the following are examples of negative externalities except
a. getting the flu vaccine. b. smoking in a crowded bar. c. driving while intoxicated. d. littering in the park. e. pouring paint down the storm drains.
Economics
According to the life-cycle theory of consumption, people tend to consume less than they earn during their main working years.
Answer the following statement true (T) or false (F)
Economics