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Taxes are reduced, so people have increased income to spend.
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How did Ronald Reagan's supply-side economics work?
Taxes are reduced, so people have increased income to spend.
Who advocated supply-side economics?
A. H. RossPerotB. Reagan
How did president Ronald Reagan's supply-side economics work?
Taxes are reduced, so people have increased income to spend.
What was Ronald Reagan's economic plan in the 1980s in regard to taxes and military spending?
Reagan cut taxes while increasing military spending while increasing the size of the military. While military efficiency improved, massive budget deficits resulted, thus proving Supply-side Economics does not work.
Supply side economics of Ronald Reagan?
the supply of goods and service's would increase
President reagan's economic program was based on the theory of?
supply-side economics.
Ronald Reagan anf the tax cuts?
President Ronald Reagan applied supply side economics when he executed tax cuts. This created a favorable environment for economic growth, and the revenue generated by a vibrant economy would offset the revenue lost via tax cuts.
Which theory of macroeconomics dominated the Reagan adminsrtaion?
For plato users the answer is D. Which is Supply-Side Economics.
What caused the art boom of the 1980s?
Reagan's supply-side economics,which reduced taxes on the wealthy, thus giving them excess to speculate on art.
What did Reagan believe about federal programs?
A,C and E
Was Ronald Reagan on the east or west side of the cold war?
The West.
How do Keynesian economics and supply-side economics compare and contrast?
Keynesian economics uses government to increase aggregate demand through both spending and tax cuts. Supply-side economics tries to increase aggregate supply through tax cuts.
