1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kodGreya [7K]
3 years ago
8

can someone help me? I'm not getting this question.. In 2001, President George W. Bush signed the Economic Growth and Tax Relief

Reconciliation Act of 2001 (EGTRRA). This bill called for large tax cuts just as the Economic Recovery Act of 1981 had and largely benefited the wealthiest Americans. President Bush’s approach to economics was very similar to that of President Reagan’s. Explain the assumptions behind the theory of supply-side economics, and describe the consequences of Reaganomics.
History
2 answers:
Oksana_A [137]3 years ago
7 0
The phenomena that describe the direct relationship between money and spending is called the supply-side economics. This theory support Reagan and Bush beliefs of cutting the taxes encourage the people to work more and at the same time give back to the economy through consumer spending; it also allows more investors in business and industry. Unfortunately, the side effect of Reaganomics is the economic recession; it causes a high rate of unemployment for farmers and employees.
KIM [24]3 years ago
3 0

According to the theory of supply and demand, the market is self-adjusting and companies compete by prices, so the government should interfere as little as possible in the economy.

The government of Ronald Regan followed this logic and was considered a neoliberal government, which advocates reducing the taxation of companies as a form of incentive to production and consequently to the supply of economy, since the productive activity of the companies corresponds to the aggregate supply of an economy (everything that goes on sale in the market).

In addition to the reduction in corporate taxation, the economic package called "Reaganomics" implemented a reduction in public spending, a reduction in income taxation and a deregulation of the economy. The consequences were economic growth, but with increasing social inequality between rich and poor.

You might be interested in
The land around the Nile River delta is known as
Iteru [2.4K]
D is the answer I think
6 0
3 years ago
Read 2 more answers
1. Compare the values and beliefs of Native Americans in North America at the time of English-European settlement with that of t
Mrrafil [7]

1. The Native Americans in North America lived in groups called tribes, each tribe had their own culture and their way of surviving. Some of them were hunters others were farmers, they also spoke different languages and had their own religious beliefs, many tribes shared the same beliefs others did not.

The English-Europeans had a different society, they did not live in groups, they shared the same language - English - and shared the same beliefs - Christianity -. Different from Native Americans Europeans shared the same social codes - their society was divided by the concept of money and faith.

This is the most important difference between Native Americans and English-Europeans, Native Americans did not have the concept of money and profit. They only had the concept of trade and some of them did not even had a trade system since many lived in tribes.

2. American Puritanism was originated from the reform movement in the Church of England, many of the Puritans fled to America because of religious persecution, they questioned the Catholic rituals that the Church of England continued to practice.

Puritans influenced American culture and society because Puritanism is more than religion it is a philosophy of life and living values.

First, Puritanism influenced American individualism, Puritanism values self-reliance, privacy and mutual respect.

Puritanism also influenced American democracy because they believed that God created all men equally and that all men deserve natural rights, which also influenced the Declaration of Independence.

Puritanism also pushed America to Manifest Destiny by creating a sense of mission to spread social justice and liberty across the world, this belief was imported from the Bible.

5 0
3 years ago
Among what people did the worship of one god first emerge and become the foundation of a major religion? a. Israelites b. Egypti
maksim [4K]
Israelites (Judaism) which was the foundation for Christianity
8 0
3 years ago
Read 2 more answers
How were Central African societies organized
exis [7]
These societies arose from a blend of old populations familiar with the environment and new immigrants with fresh skills to impart.
8 0
3 years ago
1. What effect did the Treaty of Versailles have on the start of World War II?
Gre4nikov [31]

Answer:

The Germans felt called out and that they were unfairly accused. The treaty led to their economic downfall and their need for a strong leader to bring them back up was prevalent. this is how Hitler gained power.

Explanation:

8 0
3 years ago
Other questions:
  • The Virginia Resolves condemned the Stamp Act and said that only the colonial government should levy taxes. True False
    8·1 answer
  • Is Christina Aguliera a college graduate?
    6·2 answers
  • Who held the most power in the greek family?
    14·1 answer
  • In which of the following terrorist attacks were the bombers linked to the government of Libya? Check all of the boxes that appl
    6·2 answers
  • ¿Que forma de gocierno tenía freancia antes de la revolución ?
    14·1 answer
  • Why were the merchants in the East in favor of a tariff on imported manufactured goods?
    12·2 answers
  • How did this Supreme Court decision affect judicial interpretations of the Constitution?
    5·2 answers
  • PPPPPPPPPPPPPPLEASE OH MY GOD IT'S BEEN AN HOUR Write a short paragraph that identifies and describes how boycotts, the Boston t
    13·1 answer
  • [true or false] THE CORE OF THE EARTH HAS THREE LAYERS: THE OUTER LAYER, THE MIDDLE LAYER, AND THE INNER LAYER.
    10·2 answers
  • This sculptural representation of buddha is an example of the _____________ school of thought.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!