During the Reagan administration in the 1980s, tax rates were _________and the budget deficit_________
A) raised; increased
B) cut; decreased
C) raised; decreased
D) cut; increased

Question

Quizplus · Accepted Answer

During the Reagan administration, tax rates were cut as part of supply-side economic policies, but the budget deficit increased due to higher government spending and lower tax revenues.

During the Reagan Administration in the 1980s, Tax Rates Were