subject
History, 25.01.2020 15:31 babbybronx

What was the initial result of the reagan tax cuts?

a. the loss of tax revenue to the federal government promoted deficit spending and a reduction of state funds which also led to a reduction of social programs.

b. the gross national product decreased and allowed americans to afford more, but ultimately resulted in the collapse of many businesses.

c. interest rates soared and increased the value of the us dollar, which ultimately led other countries not to buy overpriced american goods.

d. banks found the reduction of taxes led americans to stop borrowing, which led to the failure of many savings and loan companies.

ansver
Answers: 2

Another question on History

question
History, 21.06.2019 22:30
What did alexander hamilton and john adams lead
Answers: 1
question
History, 22.06.2019 02:30
Ineed with this unit test 1. japan became a peaceful democratic nation relatively quickly after the end of world war 11 which step is not part of it post-war transformation -adopting a new constitution -disarming most of the military -giving women rights to vote -giving the emperor more political power 2. why did mao start the cultural revolution? -he thought government officials had promoted a very narrow view of communism -he wanted to speed up change and eliminate western, capitalist influence-he wanted to speed up the economy by promoting capitalism -he wanted to restore traditional chinese culture 3. what launched the korean war? -general macarthur led an invasion of north korea -north koreans, with stalin's approval, invaded south korea -south koreans tried to capture the government in p'yongyang-chairman mao urged the south koreans to invade north korea
Answers: 1
question
History, 22.06.2019 04:40
3. describe a situation in which a government has a great deal of power but does not have political authority. then explain whether you think the rule of law would likely be respected under such a government.
Answers: 3
question
History, 22.06.2019 05:00
The car market is an example of because it has few sellers who offer differentiated products. a.oligopoly b.monopoly c.monopolistic competition
Answers: 2
You know the right answer?
What was the initial result of the reagan tax cuts?

a. the loss of tax revenue to the f...
Questions
question
Social Studies, 04.10.2019 18:00
question
Social Studies, 04.10.2019 18:00
Questions on the website: 13722360