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In Opposition to Keynesian Precepts, Reagan and Other Conservative Leaders

Question 16

Multiple Choice

In opposition to Keynesian precepts, Reagan and other conservative leaders championed "supply side" economics, which meant that:


A) private enterprise must be encouraged through high capital gains tax rates.
B) increased production rather than consumer demand was important for economic growth.
C) minimum wage standards must be lowered to ensure higher employment.
D) All of these are correct.

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