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Illusion [34]
3 years ago
5

President Reagan's supply side economic policies called for tax cuts/benefits for the upper class that were supposed to eventual

ly "___" and help lower income Americans
History
1 answer:
FrozenT [24]3 years ago
7 0
trickle-down--the idea behind supply side economics is the money would transfer to the lower classes through jobs and wage increases. 

Supply side economics provides tax cuts for the wealthy to encourage investment into new jobs or provide wage increases for workers. This policy only works though if employers move the money down. 
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<u>These two quotes pronounced by President Herbert Hoover, express his viewpoint on the Great Depression</u> and his opinion about the different formulas adopted to overcome it:  

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In opposition, supporters of free markets and<em> laisez-faire</em> economic policies, such as Hoover, criticized this recovery plan because they believed that markets on their own would reach the most efficient outcomes and that the country would get innecessarily indebted. Moreover, they believed that the situation would be worsened by interventionist policies that hampered certain individual liberties.

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