USA HISTORY

THE RISE OF POLITICAL CONSERVATISM 1980 1992

PRESIDENT RONALD REAGANS FOREIGN POLICY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Supply-side economics is based on the theory that if taxes are reduced, ____
A
people will horde their money, slowing down the economy
B
the role and size of the federal government will expand
C
people will have more incentive to work and more money to spend
D
the federal government will collect less money in taxes
Explanation: 

Detailed explanation-1: -Supply-side economics is a theory that maintains that increasing the supply of goods and services is the engine for economic growth. It advocates tax cuts as a way to encourage job creation, business expansion, and entrepreneurial activity.

Detailed explanation-2: -Supply-side fiscal policies include the curtailment of borrowing rates, tax reduction, and deregulation of industries.

There is 1 question to complete.