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Asked by Shannen Relova on May 19, 2024

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Each of the following was considered a proponent of supply-side economics except

A) Arthur Laffer.
B) Ronald Reagan.
C) Congressman Jack Kemp.
D) Milton Friedman.

Supply-side Economics

Supply-side Economics is a macroeconomic theory that argues economic growth can be most effectively fostered by lowering taxes and decreasing regulation to increase production.

Milton Friedman

An American economist and Nobel laureate renowned for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.

  • Learn about the different approaches to economic thought and their main representatives.
  • Grasp the fundamentals of supply-side economics, including the role of tax rates.
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CK
Crave KhemicalMay 24, 2024
Final Answer :
D
Explanation :
Milton Friedman was not considered a proponent of supply-side economics. He was a proponent of monetarism, which emphasizes the importance of controlling the money supply to control inflation and stabilize the economy. Supply-side economics, on the other hand, emphasizes the importance of reducing taxes and regulatory barriers to encourage economic growth and investment.

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