
Supply Side Policy Flashcard
Flashcard
•
Business
•
12th Grade
•
Hard
Wayground Content
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12 questions
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1.
FLASHCARD QUESTION
Front
What is the main goal of tax cuts as a supply side policy?
Back
Stimulate economic growth
2.
FLASHCARD QUESTION
Front
Explain the concept of deregulation and how it can impact the economy.
Back
Deregulation can impact the economy by promoting competition, reducing barriers to entry for new businesses, and potentially leading to lower prices for consumers.
3.
FLASHCARD QUESTION
Front
What is privatization and how does it relate to supply side policy?
Back
Privatization promotes competition, efficiency, and innovation in the market.
4.
FLASHCARD QUESTION
Front
How does labor market flexibility contribute to supply side policy?
Back
By allowing for easier hiring and firing of workers, leading to increased efficiency and productivity in the economy.
5.
FLASHCARD QUESTION
Front
What are some examples of incentives for investment in the context of supply side policy?
Back
Tax breaks, subsidies, and deregulation
6.
FLASHCARD QUESTION
Front
Discuss the importance of infrastructure development in supply side policy.
Back
Infrastructure development enhances productivity and efficiency in the economy.
7.
FLASHCARD QUESTION
Front
How do tax cuts affect the government's revenue and spending?
Back
Tax cuts can decrease government revenue and may require a reduction in government spending.
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