According to the theory of _________, a cut in taxes would make the economy grow faster by putting more money into the hands of businesses.
Answer (2)
According to the theory of supply-sides economic, a cut in taxes would make the economy grow faster by putting more money into the hands of businesses. the supply-sides economic theory stated that Economic growth can be most effectively created by utilizing capital investment and lowering regulations for creating goods and services
Supply-side economics is a theory proposing that tax cuts can stimulate economic growth by allowing businesses to invest more capital. It emphasizes that lower taxes can lead to job creation and increased production, though it faces criticism for potentially favoring wealthier individuals over lower-income citizens. This theory was notably pushed by President Ronald Reagan in the 1980s as part of his economic policies.
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