The supply-side policies of the Reagan and Bush administrations led to high levels of
A)budget surpluses.
B)unemployment.
C)inflation.
D)budget deficits.

Question

Quizplus · Accepted Answer

The supply-side policies implemented by the Reagan and Bush administrations, such as tax cuts and deregulation, were intended to stimulate economic growth and create incentives for businesses to invest and expand. However, these policies also resulted in significant budget deficits, as government revenue decreased while spending on defense and other programs increased. This led to increased government borrowing and a buildup of national debt.

The Supply-Side Policies of the Reagan and Bush Administrations Led