United States History
Question of the Day

Supply-Side Economics


The Laffer Curve was used to
explain supply-side theory
(Image Source: Forbes)

Question 1314157

According to the theory of supply-side economics that became economic policy during the Reagan Administration,

A) funding for entitlement programs should be increased to pump more money into the economy
B) federal spending, as well as taxes, should be cut to increase investment in the private sector
C) government regulation of industry was the key to economic growth
D) the federal government should increase spending to supply a boost to consumer demand
E) the federal government should increase taxes to balance the budget

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