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How can a reduction in Corporation Tax lead to supply side improvements in an economy?
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- Discuss the three main supply-side policies that the government can use to reduceunemployment?Most economists have reached the following conclusion about supply-side economics. a. Supply-side tax cuts are likely to reduce income inequality. b. Supply-side tax cuts are almost certain to lead to smaller budget deficits. c. Supply-side tax cuts are likely to widen income inequality. d. None of these.Average Tax Rate Tax Revenue ($B) 20% $250 40 300 60 250 80 200 Refer to the table. If the current tax rate is 60 percent, supply-side economists would advocate Multiple Choice lowering tax rates to 20 percent, or lower if possible. lowering tax rates to 40 percent. keeping tax rates at 60 percent. raising tax rates to 80 percent.
- Why tax cuts can increase both aggregate demand and aggregate supply?What is supply side economics and what is the general assessment of the efficacy of supply-side economics?If you have the power to cut or increase taxes in your country with the aim of boosting aggregate demand, which tax will you most likely touch: Value Added Tax (VAT), Income Tax, or Corporate Tax? Will you cut it or will you increase it? Why? Provide a good explanation for your answer using good economic basis.
- TRUE/FALSE According to our discussion of supply side economics, there are positive aggregate demand side effects and positive supply side effects, similar to what happened during the new economy.If the government increases expenditures on goods and services and increases taxation by the same amount, which of the following will occur? A. Aggregate demand will be unchanged. B. Aggregate demand will increase. C. Interest rates will decrease. D. The money supply will decrease.Please explain and discuss supply-side economics.
- What are the 4 policies that the Supply-side Model supports?Explain why increased government spending of, for example, $15 billion, will have a different impact on aggregate demand than a $15 billion tax cut.please answer the following question: 1. Expansionary policies are government policies that:A) Increase Aggregate Demand B) Decrease Aggregate Demand C) Decrease Aggregate Supply
