Author Question: Critics of supply-side economics agree that shortly after the Reagan tax cuts were put into place, ... (Read 85 times)

notis · **on:** Apr 19, 2019

Question 1

Supporters of supply-side economics claim that Reagan's tax policies were quite successful in stimulating the economy because

◦ almost immediately after the tax cuts, the economy expanded and the recession of 1980-1982 came to an end.
◦ inflation rates fell sharply from the high rates of 1980 and 1981.
◦ throughout most of the 1980s, federal receipts continued to rise even though tax rates had been cut.
◦ All of these.

Question 2

Critics of supply-side economics agree that shortly after the Reagan tax cuts were put into place, the economy began to expand. These critics, though, argue that the expansion did not result from the supply-side policies, but rather from

◦ the fact that the Federal Reserve dramatically increased the money supply at the same time that the tax cuts became effective.
◦ the self-correcting nature of the economy.
◦ the increases in government spending that occurred at the same time the tax cuts became effective.
◦ a very large increase in the demand for U.S. exports at the same time that U.S. imports fell dramatically.

shaikhs · **Reply #1 on:** Apr 19, 2019

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