Explain the main features and arguments of supply-side economics.
What will be an ideal response?
Supply-side economics was popularized by President Ronald Reagan. Supporters advocate tax cuts and a decrease in government regulation to stimulate the economy in times of recession. They argue that high taxes drain people's ability to save and corporations' ability to invest in productivity improvements. Supply-siders also argue that deregulation will contribute to increased production at the same cost, thus increasing the supply of goods.
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Relations between which two states are among the earliest evidence of the democratic peace?
a. Germany b. Russia c. The United States d. Great Britain
In general, a city is most likely to use bond money to fund which of the following?
a) pay police salaries b) purchase supplies for the city health department c) increase the number of firefighters employed by the city d) build new police substations e) increase the size of the city council.