Author Question: As a result of President Reagan's economic policies, a. the poverty rate declined. b. U.S. ... (Read 69 times)

bobbysung · **on:** Sep 12, 2019

Question 1

As a believer in supply-side economics, Reagan called for

a. expansion of federally-guaranteed home mortgage programs.
b. extension of federal grants to state and local governments to stimulate spending.
c. lower income-tax rates for individuals and corporations.
d. increases in direct federal assistance to the poor and unemployed.

Question 2

As a result of President Reagan's economic policies,

a. the poverty rate declined.
b. U.S. corporations suffered under the burden of higher tax rates.
c. the United States became the world's largest debtor nation.
d. the national debt declined.