Statement I: President Reagan in 1981 and President George W.Bush in 2003 used "supply-side" arguments to justify tax cuts.
Statement II: When President George W.Bush signed legislation passing the 2003 tax cut,it represented a return to the Keynesian approach to managing the economy.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
Verified
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