Statement I.President Ronald Reagan said that if we cut tax rates,people would have more incentive to work,output would rise,and inflation would subside.
Statement II.President Reagan presided over the worst recession we have had since World War II.

Question

Quizplus · Accepted Answer

While some economists argue that the Reagan-era tax cuts did lead to increased economic growth, it is also true that the early 1980s saw a significant recession. Therefore, statement I is partially true and statement II is partially true, but they both contain some inaccuracies.