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7 May, 02:06

What was the initial result of the Reagan tax cuts?

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  1. 7 May, 05:53
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    interest rates grew

    Explanation:

    high interest rates resulted in an increase in the value of the dollar around the world. As American goods became more expensive overseas, fewer people bought them, and the number of exports decreased. As the price of goods in America also increased, the number of imports increased as citizens looked overseas to find lower prices for certain purchases.
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