One significant criticism of the major proposition of supply-side economics during the period 1980-1988 was that
A)the tight monetary policy of the Federal Reserve slowed the growth of the economy and caused a severe recession.
B)major sectors of the economy failed to achieve optimal efficiency from increased regulation by government.
C)there was a significant increase in the rate of unemployment over the period.
D)growth in the productive capacity of the economy did not exceed the historical pace.

Question

Quizplus · Accepted Answer

Supply-side economics promised that tax cuts would lead to significant economic growth, but critics argued that the growth achieved did not surpass historical trends.

One Significant Criticism of the Major Proposition of Supply-Side Economics