Question

What was the argument against supply-side economics?

O It refused to account for demand.
O It required dependence on foreign production.
O It called for large tax cuts for the wealthy.
O It favored government spending.

Answer 1

Answer: Critics of supply-side policies emphasize the growing federal deficits, increased income inequality, and lack of growth.

Step-by-step explanation:

Critics of supply-side policies emphasize the growing federal deficits, increased income inequality, and lack of growth. They argue that the Laffer curve only measures the rate of taxation, not tax incidence, which may be a stronger predictor of whether a tax code change is stimulative or dampening.

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