THE RISE OF POLITICAL CONSERVATISM 1980 1992
PRESIDENT RONALD REAGANS FOREIGN POLICY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Supply-side economics is based on the theory that if taxes are reduced, ____
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people will horde their money, slowing down the economy
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the role and size of the federal government will expand
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people will have more incentive to work and more money to spend
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the federal government will collect less money in taxes
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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.
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