Answer :
President Ronald Reagan used the concept of
supply-side economics when he proposed
(1) reducing income taxes to stimulate growth.
Answer:
(1) reducing income taxes to stimulate growth
Explanation:
During Reagan's 1980 presidential campaign, the key monetary concern was twofold digit swelling, which Reagan depicted as "[t]oo numerous dollars pursuing too couple of merchandise", yet rather than the typical portion of tight cash, retreat, and cutbacks, with their resulting loss of generation and riches, he guaranteed a slow and easy approach to battle expansion by "delivering out of it".
Changing from a prior monetarist strategy, Federal Reserve seat Paul Volcker started an approach of more tightly fiscal arrangements, for example, lower cash supply development to break the inflationary brain research and crush inflationary desires out of the monetary framework. Accordingly, supply-side supporters contend that Reaganomics was just incompletely dependent on supply-side financial matters.
