What was one troublesome result of Reagan's tax cuts?

A.) the economy began to recover.

B.) inflation got out of control in the mid - 1980s

C.) citizens kept and spent more of their own money.

D.) the national dept grew rapidly

Question

History

Marissa Vaughan

1 July, 10:16

What was one troublesome result of Reagan's tax cuts?

A.) the economy began to recover.

B.) inflation got out of control in the mid - 1980s

C.) citizens kept and spent more of their own money.

D.) the national dept grew rapidly

+5

Answers (2)

Know the Answer?

Valerie · Answer 1

The correct answer is C. citizens kept and spent more of their own money.

"Reagon and his advisors based there economic policies on the theory of 'supply-side economics'. This theory is based on the idea that if taxes are reduced people will work more and have more money to spend. This spending will stimulate the economy and expanding economic activate would generate more tax revenue for the goverment." - pennfoster highschool

Kiley Neal · Answer 2

I think the answer D

What was one troublesome result of Reagan's tax cuts?A.) the economy began to recover.B.) inflation got out of control in the mid - 1980sC.) citizens kept and spent more of their own money.D.) the national dept grew rapidly

What was one troublesome result of Reagan's tax cuts?

A.) the economy began to recover.

B.) inflation got out of control in the mid - 1980s

C.) citizens kept and spent more of their own money.

D.) the national dept grew rapidly