Cards (15)

  • What is the focus of supply-side policies aimed at economic growth?
    Improving human capital through education and training
  • How do supply-side policies enhance productivity?
    By investing in education and training
  • What is the impact of a more educated workforce on productivity?
    It allows adaptation to technological changes
  • What government initiatives can raise the skill level of the labor force?
    Increased funding for STEM education
  • How do supply-side policies create a dynamic economy?
    By fostering innovation and entrepreneurial activities
  • Which country emphasizes vocational training as part of its economic strategy?
    Germany
  • What is a key approach of supply-side policies regarding investment?
    Incentivizing investment through deregulation and tax cuts
  • How does deregulation affect operational costs for businesses?
    It reduces compliance burdens and costs
  • What effect do tax incentives have on firms' cash flow?
    They enhance cash flow for more investments
  • What is the result of increased capital stock and productivity?
    It generates economic growth
  • What was the aim of the corporate tax rate reduction in the United States in 2017?
    To stimulate investment by increasing returns
  • What is the purpose of deregulation efforts in various industries?
    To foster a competitive business environment
  • What are the two main ways supply-side policies stimulate economic growth?
    • Enhancing productivity through investment in human capital
    • Encouraging investment through deregulation and tax incentives
  • What are the effects of improved human capital on the economy?
    • Boosts productivity
    • Increases efficiency and output
    • Enhances overall productive capacity
  • How do supply-side policies support sustainable economic growth?
    • By fostering innovation
    • Encouraging entrepreneurial activities
    • Creating a dynamic economy