Those who favor government policies to stimulate the economy by creating incentives for individuals and businesses to increase their productive efforts are supporting:

a. supply-side economics.
b. Keynesian economics.
c. monetarist economics.
d. Marxian economics.

a

Economics

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If a nation's population grows at 2 percent and its real GDP grows at 4 percent, what is the growth rate of real GDP per person?

What will be an ideal response?

Economics

Which of the following is a reason that consumption depends on current income, and not just on total wealth?

A) Banks will not always lend money to those who want to consume more than their income. B) The anticipation of future financial distress makes some people reluctant to borrow. C) Low income people may prefer to postpone some consumption until later years, when their incomes are higher. D) all of the above E) none of the above

Economics