Which of the following historical events is often cited as an example of the successful implementation of Keynesian theory?
A) the Kennedy-Johnson tax cut of 1964
B) the price controls of the Nixon administration
C) the anti-inflation policies of the Carter administration
D) the series of tax cuts implemented by the Reagan administration during the 1980s

Question

Quizplus · Accepted Answer

The Kennedy-Johnson tax cut of 1964 is often cited as a successful example of Keynesian economic theory in action. This policy aimed to stimulate economic growth and reduce unemployment by increasing consumer demand through tax reductions, aligning with Keynesian principles of using fiscal policy to manage economic cycles.

Which of the Following Historical Events Is Often Cited as an Example