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The Almost Doubling of the Debt-To-GDP Ration During the Reagan

Question 53

Multiple Choice

The almost doubling of the debt-to-GDP ration during the Reagan presidency was due in part to each of the following except


A) higher spending on defense and other programs.
B) substantially higher spending on social welfare programs that primarily benefit low-income persons.
C) substantial tax cuts.
D) the productivity slowdown.

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