According to President Reagan's model for supply-side economics, the first step to triggering a cycle of growth was

reducing taxes.

raising taxes.

regulating businesses.

creating government programs.

Question

Andrew Chen

History

13 January, 23:33

According to President Reagan's model for supply-side economics, the first step to triggering a cycle of growth was

reducing taxes.

raising taxes.

regulating businesses.

creating government programs.

+1

Answers (2)

Know the Answer?

Mylee Clayton · Answer 1

Option A: Reducing taxes.

According to his "supply-side" economic program, Reagan believed that the reduction of taxes was the first step to economic growth. At the beginning of his term (1981-89), he accomplished to reduce taxes to 25 percent for individuals and corporate for a three-year period, after which he would eventually increase revenues from taxes as income levels grew.

Jayleen Malone · Answer 2

Just finished the test ... the right answer is A. Reducing taxes.

According to President Reagan's model for supply-side economics, the first step to triggering a cycle of growth wasreducing taxes.raising taxes.regulating businesses.creating government programs.

According to President Reagan's model for supply-side economics, the first step to triggering a cycle of growth was

reducing taxes.

raising taxes.

regulating businesses.

creating government programs.