THE RISE OF POLITICAL CONSERVATISM 1980 1992
THE ELECTION OF RONALD REAGAN IN 1980
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
policy of supporting guerilla groups fighting Communist or pro-Soviet governments
|
|
|
idea that high taxes weaken the economy by taking money away from investors
|
|
|
conservative movement founded by evangelical minister Jerry Falwell
|
|
|
an economic idea that focuses on increasing taxes for social programs
|
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: -Difficult to implement: A supply-side economy applies tax cuts, making it a challenge for some organizations to accept and implement. Unpopular to some: Supply-side theory may also be unpopular because reducing tax rates for high-earning individuals has no direct benefit to mid-and low-threshold earners.
Detailed explanation-3: -Supply-side economics holds that increasing the supply of goods translates to economic growth for a country. In supply-side fiscal policy, tax cuts, lower interest rates, and deregulation help foster increased production.
Detailed explanation-4: -Supply-side economics focuses on increasing the aggregate supply, contrary to demand-side economics that focuses on increasing aggregate demand, to increase employment, and reduce prices in the market.