Question

How did president ronald reagan's supply-side economics work? answers?

Answer 1

Reagan's supply-side economics helped boost the U.S economy out of the worst recession since the Great Depression by giving incentives to businesses to grow. This was achieved through the reduction of the top corporate tax rate from 46 percent to 40 percent. Reagan also cut the top marginal income tax rate from 70 percent to 28 percent increased the supply of labor which boosted economic growth.