Question

Which was a fundamental element of supply-side economics?

corporate tax hikes
economic deregulation
marginal tax hikes
tax hikes
strengthen economic regulations

Answer 1

The answer is: Economic deregulation

Supply side economic stated that economic growth would be optimal if the country let the power of market supply and demand to fully influence it. This mean that in order for this to happen, government need to step back and restrict the number of regulations that it imposed to the economy.

Answer 2

Economic deregulation was a fundamental element of supply-side economics. Supply-side economics are known for lowering taxes and lessening the regulations.