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which was a fundamental element of supply-side economics?
A. corporate tax hikes
B. marginal tax cuts
C. economic regulation
D. wage increases
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Respuesta :

nandhini123

Answer:

A fundamental element of supply-side economics is marginal tax cuts.

Explanation:

Supply side economics endorses, increased production as the driving force behind economic growth. That is influenced by several factors such as Capital, Labour, Entrepreneurship and land. The Fiscal policy of supply side focuses more on creating a better environment for all kind of businesses. Its tools are deregulation and tax cuts. Accordingly the companies that are benefited by the policies are able to hire more workers, which results in the creation of more jobs thereby boosting the economy.

bihariyadeep28

Economics is the study of economies at various separate levels. It studies about individuals and their contribution in micro economics and aggregative contribution of the economy as a whole in macro economics.

Supply Side Economics

  • The supply side economics focuses on land , labor, capital, and entrepreneur and how the results in increased production which leads to economic growth.

  • The fiscal side of economics focuses on tax deduction tools for making a suitable environment for each type of business and industry.

  • Tax rebates help companies to hire more employees resulting in higher employment rate and growth of the economy.

Therefore it can be concluded that the fundamental element of supply side economics is corporate tax hikes and OPTION A is correct regarding the question.

Learn more about economics here:

brainly.com/question/1232441

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