former president ronald reagan was a supporter of supply side economics. supply side economists believe that

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Shami2561 Shami2561

29-11-2022
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former president ronald reagan was a supporter of supply side economics. supply side economists believe that

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Tutorconsortium438 Tutorconsortium438 · Answer 1 · 2022-12-02T08:12:57+01:00

Former president Ronald Reagan was a supporter of supply side economics. supply side economists believe that reducing tax rates increases aggregate supply.

What benefited America did Ronald Reagan do?

Reaganomics, his brand of supply-side economics, promoted tax cuts, business deregulation, and cuts to government spending. During his first tenure, he resisted public sector labor unions, invaded Grenada, oversaw the War on Drugs, and escaped an attempted assassination.

What does "supply-side economics" mean?

According to supply-side economics, a nation's economy will grow if its supply of goods is increased. Practitioners of supply-side fiscal policy frequently concentrate on reducing taxes, bringing down borrowing costs, and dereglementing industries to encourage increasing production.

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