THE RISE OF POLITICAL CONSERVATISM 1980 1992
REAGANOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the theory that cutting taxes will increase jobs
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Laissez-Faire
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Trickle Down Economics
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Voodoo Economics
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None of the above
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Explanation:
Detailed explanation-1: -Trickle-down theory is an economic strategy where taxes levied on the high-income group are curtailed. The theory claims that the increase in wealth will trickle down into lower economic sections in the form of increased investments and employment.
Detailed explanation-2: -Trickle-down economics is the theory that tax breaks and other beneficial policies for companies and the higher earners in society will put more money into the economy, which will eventually benefit everyone.
Detailed explanation-3: -A modern example of trickle-down distribution is the way social medial influencers on sites like Instagram set fashion trends; sometimes with a single post.
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