Supply siders argue that policies pursued by the Reagan administration after 1981 undermined the effect of the 1981 tax cuts. Which of the following policies has been cited by supply siders?
A) Some of the incentives to business investment were reversed.
B) The minimum wage was increased.
C) Government expenditures decreased along with the decrease in revenues.
D) Trade protectionist legislation was passed.
Correct Answer:
Verified
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