Which of the following did not occur,after the passage of Reagan's Economic Recovery Tax Act of 1981?

Question

Quizplus · Accepted Answer

Inflation did not grow from about 3 percent in 1981 to 13 percent in 1983. In fact, inflation had been a major concern in the years prior to the passage of the Economic Recovery Tax Act, and the act was intended in part to address inflation by spurring economic growth. However, as a result of a combination of factors including high oil prices, tight monetary policy, and a strong dollar, inflation did rise in the early 1980s, peaking at 13.5 percent in 1980 before gradually declining.

Which of the Following Did Not Occur,after the Passage of Reagan's