Respuesta :
It is True According to the supply-side economic theory.
What is supply-side economic theory?
- According to the supply-side hypothesis, the economy will grow as long as there is an increase in the supply of commodities.
- The idea, sometimes known as supply-side fiscal policy, has been used by various American presidents in an effort to boost the economy.
- Supply-side strategies broadly focus on elements that support an economy's capacity to produce additional products and services. Although some economists have campaigned for the supply-side idea, others have opposed it.
- Critics contend that supply-side theory is inherently wrong (i.e., that supply cannot produce demand on its own), and empirical research has repeatedly demonstrated its limitations when used to inform policy (e.g., in the case of Kansas tax cuts that failed to generate growth).
Know more about Supply-side Economics, with the help of following link:
https://brainly.com/question/11773466?referrer=searchResults
#SPJ4
