Economics · Supply-side Economics

Arrange the following steps in the logical sequence of Supply-Side Fiscal Policy (Reaganomics) as it leads to economic expansion, starting from the policy intervention: 1. Reduction in marginal tax rates on corporations and high-income groups 2. Stimulation of productive activity and private investment 3. Increase in the long-run aggregate supply of the economy 4. Flow of benefits to lower-income groups through investment and employment 5. Promotion of long-term economic growth