The tax cuts passed during the Reagan administration in the United States were designed primarily to _____
A) boost savings among consumers.
B) shift the aggregate demand curve rightward.
C) reduce the balance-of-payments deficit.
D) increase the supply of productive resources.
E) increase the tax base and include more tax payers.

Question

Quizplus · Accepted Answer

The tax cuts during the Reagan administration, known as "Reaganomics," were primarily designed to increase the supply of productive resources by incentivizing investment and economic growth through supply-side economics.

The Tax Cuts Passed During the Reagan Administration in the United