Question

Research conducted by Edward Prescott of Arizona State​ University, and Edward Glaeser of Harvard University along with Bruce Sacerdote of Dartmouth College indicate that the effects of​ supply-side policies A. ​are, as of​ now, unclear and require more careful study. B. have little or no effect at all. C. are clearly defined and small. D. are clearly defined and substantial.

Answer 1

The correct answer is A) ​are, as of​ now, unclear and require more careful study.

Research conducted by Edward Prescott of Arizona State​ University and Edward Glaeser of Harvard University along with Bruce Sacerdote of Dartmouth College indicates that the effects of​ supply-side policies ​are, as of​ now, unclear and require more careful study.

When we are talking about economics, supply-side policies are thought to increase Aggregate Supply. They improve the productive capacities of an economy at the same time these are enhancing the quality of the factors of production that are land, labor, capital, and entrepreneurship. But as academic Professors, Prescott Glaeser, and Sacerdote have concluded, supply-side policies are not easy to implement and its effect take time.